Commonwealth Bank posts record profit amid 'challenging' period for customers. 9News
has posted a record full-year profit of $10.2 billion, flagging that it recognises it has been a "challenging period" for customers.
The bank said it would lift its dividends for shareholders to $4.50 per share, up 17 per cent on the year prior.For the financial year to the end of June, CBA reported a statutory net profit after tax of $10.188 billion, up five per cent on the year prior.In a statement to the market, CBA chief executive Matt Comyn said he recognised the increased costs for the bank's customers, and argued that this year's strong result would give the bank "resilience" for the year coming.
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