Commonwealth Bank of Australia
(ASX:CBA) has released its results for the financial year ended 30 June, recording a net profit of $9.14 billion.
The figure is up five per cent from last year's $8.68 billion result and is broadly in line with analyst expectations.
CBA will also undertake a $5 billion capital raising in the form of a pro-rata renounceable entitlement offer.
The bank's shares are in a trading halt ahead of the deal.
The company will issue a fully franked final dividend of $2.22 per share, taking the total to $4.20 up 5 per cent on the year prior.
