WBC westpac banking corporation

News: Westpac banks record FY profit

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    Westpac Banking Corp (ASX:WBC) has posted a strong lift in full-year cash profit and announced a special dividend.


     


    In the year to September 30, Westpac posted a cash profit of $7.097 billion, an eight per cent increase on last year’s result.


     


    Full-year net profit increased 14 per cent to $6.816 billion.


     


    In the same period net operating income was $18.88 billion, a four per cent rise.


     


    The group will pay a final dividend of 88 cents, fully-franked, as well as a special dividend of 10 cents, also fully-franked.

 
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