Business
ANZ profit slumps 40pc to $3.6 billion, in the wake of the COVID-19 pandemic – ABC News
ANZ says its full-year profit was weighed down by COVID-19 credit impairments, and slashes its final dividend by a massive 229 per cent.
ANZ has reported its unauditedfull-year net profit dropped 40 per cent to $3.58 billion.
Key points:
- ANZ will pay shareholders a massively scaled-down dividend
- Its credit impairment charges have surged 244pc since the previous year
- Westpac and NAB will report their full-year results next week
However, its preferred measure of cash profit, from continuing operations, fell by a steeper 42 per cent to $3.76 billion.
The bank also unveiled an ambitious new climate policy which could threaten the viability…
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