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Westpac flags $1.2b hit to earnings – The Australian Financial Review

Westpac’s full year cash earnings will be $1.2 billion lower as speculation about the bank’s final dividend intensifies.

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UBS analyst Jon Mott said the although the hit to profits was in line with its expectations the composition of the provisions was a surprise.
“We had accounted for them ‘below the line’ within statutory profit. Westpac announced it will be taking these items through cash NPAT

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