Reuters logo
3 years ago
Australia's Commonwealth Bank says first-half earnings up 14 pct
February 11, 2014 / 9:47 PM / 3 years ago

Australia's Commonwealth Bank says first-half earnings up 14 pct

1 Min Read

Sydney, Feb 12 (Reuters) - Commonwealth Bank of Australia, , the country's biggest lender by market value, reported a 14 percent rise in first half earnings on Wednesday, beating analyst forecasts as net interest income grew despite ongoing pressure on its margins.

CBA reported cash earnings of A$4.27 billion ($3.86 billion) for the six months to December 31. Analysts polled by Thomson Reuters I/B/E/S had, on average, expected earnings of A$4.15 billion.

Cash earnings, which excludes one-offs and non-cash accounting items, is closely watched by investors. ($1 = 1.1072 Australian dollars) (Reporting by Byron Kaye; Editing by John Mair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below