Australia's Westpac flags $89.4 million hedging hit to half-year profit
Tweet
Share
E-mail
A view shows the Westpac bank logo in Melbourne, Australia, March 24, 2025. REUTERS/Hollie Adams
(Reuters) -Australia's Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging.
The bank reported a first-half net profit of A$3.34 billion ($2.13 billion) in 2024.
Westpac will announce 2025 half-year results on May 5.
($1 = 1.5672 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Tasim Zahid)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crusoe signs $13 billion AI cloud deal with Jane Street, Bloomberg News reports
- BASF sues Apple in US for allegedly infringing its face authentication patents
- Zelenskiy says Ukraine expects meeting with US negotiators in coming days
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
