Commonwealth Bank of Australia posts record half-year profit

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 15 (Reuters) - Commonwealth Bank of Australia posted a record half-year cash profit on Wednesday, reaping the benefits from a sharp margin expansion courtesy of aggressive interest rate hikes. The country's biggest lender said cash profit from continuing operations climbed to A$5.15 billion over the six months ended Dec. 31, from A$4.75 billion a year ago. It almost in-line with a Visible Alpha consensus estimate of A$5.17 billion, according to Citi Research. (Reporting by Savyata Mishra and Harish Sridharan in Bengaluru; Editing by Krishna Chandra Eluri)

Savyata.Mishra@thomsonreuters.com))
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