May 2 Australia and New Zealand Banking Group
said on Tuesday its first-half cash profit rose 23
percent, helped by the performance of its core lending business,
although it missed analysts' estimates.
Cash profit for the country's third-biggest lender rose to
A$3.41 billion ($2.57 billion) for the first six months to March
31, up 23 percent from a year ago. The cash profit figure
excludes one-offs and non-cash accounting items.
Analysts on average expected a cash profit of A$3.49
billion, according to four surveyed by Thomson Reuters I/B/E/S.
($1 = 1.3294 Australian dollars)
(Reporting by Aparajita Saxena, editing by G Crosse)