May 2 (Reuters) - National Australia Bank (NAB) on Thursday posted an about 13% drop in its first-half cash profit as the country's no. 2 lender grappled with high operating costs and cutthroat competition.
NAB, also the country's top business lender, posted cash earnings of A$3.55 billion ($2.32 billion) for the six months ended March 31, compared with A$4.07 billion a year ago.
That was in line with the Visible Alpha consensus estimate of A$3.55 billion compiled by UBS. ($1 = 1.5330 Australian dollars)
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News: NAB National Australia Bank first-half cash earnings fall 13%
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Open | High | Low | Value | Volume |
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2 | 631 | 35.860 |
1 | 18190 | 35.850 |
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1 | 4219 | 35.830 |
Price($) | Vol. | No. |
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36.000 | 3119 | 3 |
36.020 | 277 | 1 |
36.030 | 7954 | 3 |
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36.060 | 7838 | 2 |
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