NAB lifts H1 cash profit

Lender's first-half revenue falls short of analyst expectations, will pay interim dividend of 99c.

National Australia Bank (NAB) has lifted its cash profit by 8.5% in the first half as improved performances across all of the lender's banking businesses offset higher conduct-related charges from its UK operations.

Cash earnings lifted to $3.150 billion in the first half, from $2.903bn in the previous corresponding period and largely in line with analysts expectations of $3.17bn.

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