Westpac Banking Posts Flat H1 Earnings

27% profit every 20 days?

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Westpac Banking Corp reported a flat profit for the first half for the year. Its cash earnings came in flat at A$3.78 billion. The bank's net profit for the six months through March came in at 3.61 billion Australian dollars (US$2.83 billion), compared to A$3.62 billion in the year-ago period.Its net interest margin shrank 6 basis points to 2.05 percent.Westpac announced its plans to increase its interim dividend by 3 percent to A$0.93 per share.

27% profit every 20 days?

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