ANZ records $6.41B in FY2017 profits

Company News

by Kathy Skantzos

ANZ bank (ASX:ANZ) today announced its 2017 full year statutory profit to September 2017 of $6.41 billion, up 12 per cent from the prior period.

ANZ CEO Shayne Elliott said the positive result demonstrates progress after reshaping the business two years ago.

Its retail and commercial businesses in Australia and New Zealand now accounts for 53 per cent of its capital, up from 44 per cent two years ago.

The final dividend is 80 cents per share fully franked, bringing its total dividend for the year to $1.60 per share.

Total shareholder return was 13 per cent and earnings per share increased 27 per cent.

Shares in ANZ bank (ASX:ANZ) closed 0.1 per cent higher to $30.50.

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