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Company News Summary

Commonwealth Bank of Australia Announces Half Yearly Results For The Period 31 December 2018

06 Feb 2019  |  07:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2019 Half Year Results ASX Announcement

Commonwealth Bank of Australia announced half yearly results for the period 31 December 2018. In which it stated that statutory net profit after tax including discontinued operations of $4,599m. Cash NPAT from continuing operations of $4,676m , up 1.7%. Operating income of $12,408m, down 1.9%, with volume growth offset by lower net interest margin, lower markets and fee income, and the impact of weather events. Loan impairment expense of $577m, equivalent to 15 basis points of average gross loans and acceptances annualised, down from 16 basis points. Interim dividend per share flat at $2.00. The DRP is anticipated to be satisfied in full by an on-market purchase of shares.

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