3Q23 vs 1Q24.
>$7m statutory NPAT for 3Q23
NIM down 2%.
Net Losses down 1%.
(Both of these missing 1 decimal place).
That's -1% net change.
Meaning $1.18b * 1% = $11.8m worse off PA? Divide by 4 would be $2.95m per quarter.
Which could push NPAT down to $4m?
But they didn't mention NPAT, so I'm not sure.
Ann: 1Q24 Trading Update - Strong Revenue and Lower Losses, page-18
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