ANZ FY Cash Profit A$6.498 Billion, Up 11%, Proposes a Final Dividend of A$0.91 a Share...
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Cash earnings $6.498bn (consensus $6.428bn, so +1.1%), margins 2.22% (consensus 2.22%), revenue up 3.0%, costs down 3.3%, bad debt charge $1,197 (consensus $1,209), H2 dividend 91 cents (I had 87 cents). Deposit growth 12%, loan growth 10%. Core Equity Tier One +47bps to 8.5%. Australian business profit +11%, International & Institutional +15%, NZ profit +29%, Wealth +36%.\r So all looks pretty good, slightly ahead, dividend stronger, margins in line with expectations.\r Briefing 10am.
How does that compare with expectations?