- Loan book and NIM stable
- Strong capital position of 14.60%
- Interim dividend 14 cents per share fully franked
Auswide Bank Ltd (ASX:ABA) today announced a statutory consolidated net profit after tax of $7.319m for the six months to 31 December 2016, a 20.73% increase compared to the corresponding half-year to 31 December 2015.
Underlying cash profit after tax of $7.319m represented an increase of 7.92% over the previous corresponding period ($6.782m) adjusted for the effects of non-recurring items.
This improved profit result was supported by the bank’s continued focus on implementing the Strategic Plan to strengthen its business.
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