Feb 6 (Reuters) - National Australia Bank Ltd (NAB) :
- On a statutory basis, unaudited net profit attributable to owners of company for December quarter was approximately $1.6 billion
- Qtrly revenue increased approximately 1 pct
- Charge for bad and doubtful debts for quarter declined 23 pct to $164 million
- Qtrly unaudited cash earnings were approximately $1.6 billion
- Group's common equity tier 1 (CET1) ratio was 9.5 pct at 31 Dec 2016, compared with 9.8 pct at 30 September 2016
- "Well advanced on a number of initiatives that give us confidence about second half productivity and cost benefits"
- "Operating environment has some challenges with funding costs remaining elevated and competition still intense"
News: NAB National Australia Bank qtrly net profit attributable about $1.6 bln
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