© Reuters. A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo
(Reuters) – Australia’s Westpac Banking (NYSE:) Corp on Monday said its first quarter unaudited net profit was lower than its prior six-month’s quarterly average, citing impact of notable items related to hedge accounting.
The country’s no. 2 mortgage provider’s unaudited net profit for the three months ended Dec. 31 was A$1.5 billion ($978.60 million), down 6% from the quarterly average for the prior six months. That compares with Visible Alpha consensus estimate of A$1.65 billion, according to Citi.
($1 = 1.5328 Australian dollars)
by : Reuters
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