ANZ Q1 Profit Down 20%
Australia & New Zealand Banking Group (OTC: ANZBY) reported a 20% decline in its first-quarter profit.
ANZ's quarterly unaudited net profit dropped to 1.36 billion Australian dollars (US$1.41 billion), from A$1.70 billion, in the year-ago period.
Its cash profit came in at A$1.53 billion in the period.
ANZ shares closed at $29.20 yesterday.
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