CBA NPAT rises 7.6% to $9.9b

Company News

by Jessica Amir

Commonwealth Bank (ASX:CBA) has announced its statutory net profit after tax (NPAT) attributable to shareholders firmed 8 per cent higher in the 2017 financial year to $9.9 billion.

The banking and financial services giant reported its revenue from ordinary activities rose just 1 per cent $44.9 billion.

The banks dividend per share meantime marginally rose to $4.29, up by just 9 cents from the prior corresponding period.

It comes as the group also announced it invested 25 per cent of its profits back into the business for growth.

Shares in Commonwealth Bank (ASX:CBA) are trading 1.25 per cent higher to $81.66.

 

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