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Share Name | Share Symbol | Market | Type |
---|---|---|---|
National Australia Bank Ltd (PK) | USOTC:NABZY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.56 | 11.36 | 11.64 | 11.85 | 11.36 | 11.72 | 23,498 | 21:03:29 |
By Robb M. Stewart
MELBOURNE, Australia--National Australia Bank Ltd. (NAB.AU) recorded a modest pick up in profit for the third quarter of its financial year, aided by a fall in short-term wholesale funding costs and flat expenses compared with earlier in the year.
NAB, the country's fourth-largest bank by market value and the biggest business lender, recorded an unaudited net profit of 1.70 billion Australian dollars (US$1.16 billion) for the three months through June. No comparable figure was disclosed, but it compares with a profit of A$1.65 billion reported by the bank a year ago.
Cash earnings, a measure adjusted for fair value and hedging movements and is the basis for calculating dividend payouts, was A$1.65 billion, which NAB said was up about 1% on the quarterly average of the first half of the year and against the same quarter a year earlier.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
August 13, 2019 18:26 ET (22:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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