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Earnings Analysis: 
National Australia Bank Net Down 21%
Author: Trupti Mehta
123jump.com
Last Update: 6:20 AM ET May 06 2010


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National Australia Bank Limited said first half net interest income rose 4% to A$6.1 billion and net profit fell 21% to A$2.1 billion or 95.1 cents a share.

 
8:20 PM Sydney, Australia – National Australia Bank Limited net interest income rose 4% and net profit fell 21%.

National Australia Bank Limited, the bank said first half net interest income rose 4% to A$6.1 billion from A$5.88 billion a year ago. Net profit for the first half fell 21% to A$2.1 billion or 95.1 cents per diluted share compared to net profit of A$2.66 billion or 136.1 cents per share a year ago.

National Australia Bank Limited, in the last one year traded as high as A$32.37 in October 2009 and as low as A$20.94 in May 2009. Based on the yesterday’s closing price of A$25.90 the company has market cap of A$53.05 billion.
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