ANZ has declared a half year cash profit of $3.7 billion, which is a little ahead of what analysts were predicting. The news of the bank’s net profit growth of 3% comes right after Westpac announced a flat net profit of $3.6 billion, for the first half, which remained unchanged from the same period last year. The bank also reported a 4% increase in the interim dividend to 86 cents a share.
Read More
Westpac Group today announced a First Half 2015 net profit of $3.6 billion which is unchanged from the same period last year.
Read More
As a result of Australia’s booming property market, the Financial Action Task Force (FATF) has warned Australia is seen as an “attractive destination” for foreign proceeds, particularly corruption-related proceeds flowing into real estate, from the Asia-Pacific region.
Read More
Commonwealth Bank has recently launched a global first EFTPOS tablet that is set to change the way we pay for goods and services and how the bank and its merchant customers gain valuable insights into consumer spending patterns.
Read More
The release of the tax discussion paper which will set out the Government’s priorities on Australia’s future tax system has been welcomed by businesses across Australia.
Read More
Despite Australian businesses entering 2015 with a more optimistic outlook than previous years, Roy Morgan Research’s latest Business Confidence survey showed a significant dip in business confidence over February, down 8% from January.
Read More
Australia’s fifth largest bank, Bendigo and Adelaide Bank is gaining traction on the Big Four banks in Australia, announcing a significant after-tax statutory profit of $227.3 million and an underlying cash earnings profit of $217.9 million, for the six months ending 31 December 2014. This equates to a 10.9% increase on the prior half year result.
Read More.jpg?width=324)
It’s good news for Commonwealth Bank shareholders after the bank posted a statutory net profit after tax (NPAT) of $4,535 million for the half year ending December 31, an 8% increase on the previous six-month period.
Read More
Roy Morgan’s latest business confidence survey showed Australian businesses are entering 2015 with a more optimistic outlook than previous years and are considering the next twelve months as a good time to invest in growing their business.
Read More
Australia is projected to return to Budget surplus in the 2019-20 financial year following steeper deficits than originally expected, according to the Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) released yesterday.
Read More