The National Australia Bank
(ASX:NAB) has announced its net profit attributable to shareholders rose to $2.55 billion for the half 2017 financial year.
The bank says it is an improved result compared to its $1.74 billion loss for the March 2016 half-year.
Excluding discontinued operations though, its statutory net profit decreased 11.4%.
On a cash earnings basis, the bank’s revenue increased 1.8% on the back of lending growth, improved fee collections and strong trading income. Meantime, its cash earnings rose 2.3% to $3.29 billion.
NAB says for its priority segments, in small to medium business, it either maintained or grew its leading market share.
Shares in National Australia Bank
(ASX:NAB) opened 1% higher to $33.42
