Commonwealth Bank posts record $8.7 billion profit

By Stephen Letts

“Lower interest rates have been positive for the housing and construction sectors, where increased activity has gone some way to offset the impacts of the anticipated reduction in investment in the resources sector”. 2014ChangeStatutory Profit (NPAT)$8. 6 billion13%Cash NPAT$8. 7 billion12%Cash Earnings Per Serve$5. 3611%Final Dividend ($ per share)$2. 189%Full-Year Dividend ($ per share)$4.

“At the same time as delivering a 12 per cent increase in cash earnings and a strong return on equity, we reinvested $1. 2 billion into the business, most of which was targeted at our long-term strategic priorities – people, technology, strength and productivity,” CBA chief executive officer Ian Narev said in a statement.

The Commonwealth Bank has posted a full-year cash profit of $8. 7 billion, a record for an Australian lender.

Read more here: ABC

    

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