CBA commonwealth bank of australia.

News: CBA Commonwealth Bank of Australia's annual profit rises 6%

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    Aug 9 (Reuters) - Commonwealth Bank of Australia (CBA) reported a near 6% rise in annual cash earnings on Wednesday on the back of strong volume growth and higher margins from rising interest rates.

    The country's biggest lender said after-tax cash net profit was A$10.16 billion ($6.64 billion) for the year ended June 30, compared with A$9.60 billion a year earlier. That compares with a Visible Alpha consensus estimate of A$10.11 billion, according to Citi.

    CBA declared a final dividend of A$2.40 per share, compared with A$2.10 last year.

    ($1 = 1.5295 Australian dollars)

 
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