Nov 11 (Reuters) - Commonwealth Bank of Australia (CBA) (CBA) said on Wednesday its first-quarter cash net profit after tax fell 16% as record-low interest rates squeezed margins at the country's biggest bank.
Cash profit, which excludes one-offs and non-cash accounting items, fell to A$1.80 billion ($1.31 billion) in the three months ended Sept. 30, CBA said.
($1 = 1.3740 Australian dollars)
News: CBA Australia's CBA first-quarter profit falls 16%
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