Business
What we learnt: Bendigo, Coca-Cola Amatil, Aurizon – The Australian Financial Review
Bendigo & Adelaide Bank impresses with cost cuts, Coke wins the long game, and Aurizon shows coal sector’s pain.
Procurement savings of $7.3 million in the December half will rise to $19.4 million by the end of the 2021 financial year.
The progress on costs is the missing piece of the puzzle for Bendigo and Baker. Revenue growth continues to impress total lending leapt 9.2 per cent during the December half in an industry where total lending fell 0.3 per cent but sustainable expense reduction is what the market has been waiting for.
Like all banks, there is still a question about what the environment looks…
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