Westpac Banking Corporation
(ASX:WBC) has announced its net profit after tax rose 6% in the first half of the 2017 financial year to $3.9 billion.
Meantime its revenue from ordinary activities rose 3% to $10.8 billion for the half-year ending 31 March 2017.
Cash earnings per share also rose 1% from the prior corresponding period to 119.8 cents per share.
Westpac says its portfolio of businesses performed well, with Institutional Banking being the stand out; benefiting from improved credit quality, increased transactions and a strong result from its markets business.
Shares in Westpac Banking Corporation
(ASX:WBC) opened 0.56% higher to $34.05.
