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News: ANZ ANZ's half-year cash profit rises nearly 23%

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    May 5 (Reuters) - ANZ Group Holdings Ltd (ANZ) on Friday reported a 22.8% rise in first-half profit but warned of a tougher second half amid stiff competition in retail banking.

    Australia's fourth-largest bank said cash profit from continuing operations was A$3.82 billion ($2.56 billion) for the six months ended March 31, up from A$3.11 billion a year ago, and edging past a Visible Alpha consensus estimate of A$3.81 billion.

    ($1 = 1.4945 Australian dollars)

 
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