The Commonwealth Financial institution has delivered half-year money earnings of $three.9 billion, a 10.eight per cent fall on a 12 months earlier, with the banking big saying the economic system is nicely positioned for restoration.
In an indication of the financial institution’s confidence, shareholders will obtain an interim dividend of $1.50, up from 98c within the June half, however nonetheless decrease than this time final 12 months.
“Australia is comparatively nicely positioned having began from a place of fiscal and financial power,” chief govt Matt Comyn mentioned.
“We now have a strong pipeline of infrastructure tasks, the outlook for mining and agriculture is powerful, and the group has benefited from the federal government’s important revenue help measures.”
Analysts had anticipated a dividend of about $1.45 a share, and earnings of about $three.9 billion from persevering with operations, based on consensus estimates cited by Goldman Sachs.
Extra to come back