Full-year operating income ($b) 24.2, up 1.7pc from 23.8
Cash profit ($b) 8.65, up 19.8pc
Net profit ($b) 10.18, up 6.1pc
Final dividend (¢) 200, up 104pc from 98, payable Sept. 29
Commonwealth Bank of Australia will return almost $10 billion to shareholders through buybacks and dividends after reporting a 19.8 per cent increase in cash profit to $8.65 billion, as it expects the economy to rebound later this year.
The full-year result has been underpinned by strong housing markets and demand for capital by companies, with double-digit net profit growth across its key divisions of retail and business banking and a steep reduction in loan impairments and provisions.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
