Australia's Westpac first-half profit slips 1%, misses estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2025
0mins
Should l Buy ?
Source: Reuters
Westpac's Profit Decline: Westpac Banking Corp reported a slight 1% decrease in first-half net profit to A$3.32 billion, impacted by rising operating costs from technology investments and increased competition in lending.
Dividend Announcement: The bank declared an interim dividend of 76 Australian cents, slightly up from 75 cents the previous year, despite missing consensus profit estimates.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
