CBA's record FY cash profit beats expectations

Lender posts strong lift in cash profit, increases total dividend, confident of market position moving into FY14.

Commonwealth Bank of Australia (CBA) has posted a strong lift in full-year cash profit and remains confident of the group's ability to meet customers needs when the economy rebounds.

In the year to June 30, CBA posted cash profit of $7.819 billion, a 10% lift on the $7.113 billion recorded in 2012 and significantly above the $7.6 billion consensus forecasts.

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