National Australia Bank Posts Rise In Q1 Cash Earnings

National Australia Bank (OTC: NABZY) reported a 4% gain in its first-quarter cash earnings.

NAB's quarterly unaudited cash earnings climbed to 1.45 billion Australian dollars (US$1.5 billion).

Its unaudited net profit declined to A$1.26 billion, from A$1.6 billion, in the year-earlier period.

National Australia Bank shares closed at $29.14 yesterday.