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Earnings Analysis: 
Westpac Banking Net Up 32%
Author: Trupti Mehta
123jump.com
Last Update: 6:24 AM ET May 05 2010


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Westpac Banking Corporation first half net interest income rose 8% to A$6.01 billion and net profit rose 32% to A$2.88 billion or 95.0 cents a share.

 
8:25 PM Sydney, Australia – Westpac Banking Corporation net interest income rose 8% and net profit rose 32%.

Westpac Banking Corporation, the bank said first half net interest income rose 8% to A$6.01 billion from A$5.56 billion a year ago. Net profit for the first half rose 32% to A$2.88 billion or 95.0 cents per diluted share compared to net profit of A$2.18 billion or 81.1 cents per share a year ago.

Westpac Banking Corporation, in the last one year traded as high as A$28.43 in April 2010 and as low as A$18.27 in May 2009. Based on the yesterday’s closing price of A$26.28 the company has market cap of A$77.29 billion.
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