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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.

Posted-In: profitEarnings News


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