NAB (ASX:NAB) full year profits fell 10.6 per cent

Company News

by Rachael Jones

NAB (ASX:NAB) report their full year profits fell 10.6 per cent to $5.1 billion

They had been expected by analysts to deliver a cash profit of $5.1 billion to $5.2 billion.

The company also determined the Executive Leadership Team will receive no short-term variable reward and no fixed remuneration increase for FY19.

The cpmpany also announced a 16 per cent reduction in the final dividend to 83 cents a share.

Shares in NAB (ASX:NAB) are trading 1.33 per cent higher at $28.17.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.