National Australia Bank’s underlying profits grew by 1 per cent in the year to September 30, but net profit after tax fell by 2.9 per cent as chief executive Andrew Irvine told investors the lukewarm results reflected “good momentum”.
The increase in underlying profit was largely driven by the second half of the year, the bank said on Thursday. Shareholders will get a final dividend of 85 cents per share, fully franked.
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