Auswide Bank Ltd profit attributable to owners of the parent entity
The statutory consolidated net profit after tax for the half-year to 31 December 2017 was $8.060m. This represents a 10.13% increase from $7.319m in the prior corresponding period.
The profit from continuing operations for the half-year to 31 December 2017 increased to $8.445m compared to $7.319m in the prior corresponding period, an increase of 15.38%.
The discontinued operations in the company’s accounts are its equity investment in peer-to-peer lender MoneyPlace Holdings Pty Ltd (MoneyPlace). On 10 January 2018, the Group announced that it had entered into an agreement to divest its equity stake in MoneyPlace. The transaction was completed on 22 January 2018.
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