Business
Westpac holds dividend from shareholders to preserve capital – NEWS.com.au
Westpac holds dividend from shareholders to preserve capital during coronavirus pandemic
Westpac has refrained from issuing an interim dividend to its shareholders, warning ongoing uncertainty induced by the coronavirus pandemic continues to plague Australias banking industry. The country’s second-largest bank has posted an unaudited net profit of $1.12 billion for the third quarter of 2020, higher than the 2020 quarterly average of $595 million.
Quarterly cash earnings were $1.32 billion, which was also higher than the average for the previous two quarters.
Westpac said the rise …
-
Noosa News24 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
Noosa News22 hours agoEaster weather forecast: What to expect in Sydney, Perth, Melbourne, Brisbane, Adelaide and Canberra
-
Noosa News22 hours agoQueensland cop cleared by court of stealing watches during anti-gang raid
-
Noosa News23 hours agoAnother power station confirmed offline as political fallout continues amid cultural issues