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Showing 21 - 30 of 168 results for "Cash earnings"

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... variable reward for the 2020 financial year. It comes as the group announces statutory net profits of $1.3 billion and cash earnings of $1.4 billion - down 51.4% year on year. As a result, the interim dividend has been slashed by 64% to 30 cents per ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... NAB said. "This has resulted in an impairment loss of $214 million (both before and after tax) impacting 1H20 non cash earnings for continuing operations."

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
... responsibility and its associated risk management," King said. All these factors mean that Westpac expects to report lower cash earnings in the first half of 2020. In an announcement to the ASX the bank said the lower earnings will be taken into account ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... dealt with." In its latest results, NAB also announced an unaudited statutory net profit of $1.7 billion and a 1% cash earnings growth compared to first quarter 2019. "Twelve months on from the conclusion of the Royal Commission, we remain focussed on ...

NAB remediation team swells, no executive bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 7 NOV 2019
... team of 950 dedicated to remediating customers recognised an additional $1.1 billion of remediation costs in 2019. Cash earnings for financial year 2019 were 10.6% lower than the previous year for NAB. "A gap remains between where we are today and where ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... the impacts of remediation and the restructure of its wealth business, which combined made a $1.1 billion dent in cash earnings. "Excluding these notable items, cash earnings were down 4% on FY18, which was mainly due to a reduction in wealth and insurance ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... remediation bill along with consumer credit insurance sales. NAB said the remediation is expected to reduce 2H19 cash earnings by an estimated $1.12 billion after tax and earnings from discontinued operations by an estimated $57 million after tax. The ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... supervision and enforcement from APRA and ASIC. It has also revealed issues in their back books." Dring explained while cash earnings were up from the 2018 half year, those numbers don't take into account the significant impact growing remediation costs ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
... move to a newly-established Viridian-owned AFSL and have until September 30 to transition. Overall, BTFG reported a cash earnings loss of $305 million, down 27% or about $64 million lower than the second half of 2018. The decline was due to the exit ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
Westpac profits plunged 24% in the first half to $3.13 billion, as cash earnings fell across four of the group's five business divisions. "This is a disappointing result reflecting weaker business conditions and the bank dealing decisively with outstanding ...