CBA H1 cash profit beats expectations

Lender increases first-half profit, interim dividend; says it is 'cautiously optimistic' of economic environment in year ahead.

Commonwealth Bank of Australia Ltd has posted a strong lift in first-half cash profit despite saying it remains only cautiously optimistic of the year ahead's economic environment.

In the six months to December 31, the lender posted a cash profit of $4.27 billion, an increase of 14% on the $3.75 billion recorded in the first half of 2013.

The profit result exceeded analysts' expectations.

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