ANZ: Interim result 2013

ANZ’s share price reached a record high of $32.09 after announcing its interim result for the six months ending 31 March 2013. Operating income increased 4% to $9.1bn compared to the same period last year. While bad debt provisions increased 5% to $599m, expenses fell 2% to $4.0bn. The underlying cash profit increased 10% to $3.2bn, and underlying earnings per share increased 4% to $1.17. A fully franked interim dividend of 73 cents was declared (ex date 9 May), up from 66 cents, but the final dividend will be lower than last year as the company evens out its...

ANZ’s share price reached a record high of $32.09 after announcing its interim result for the six months ending 31 March 2013. Operating income increased 4% to $9.1bn compared to the same period last year. While bad debt provisions increased 5% to $599m, expenses fell 2% to $4.0bn. The underlying cash profit increased 10% to $3.2bn, and underlying earnings per share increased 4% to $1.17.

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