Net profit for the first half was $2.7 billion, a 22 per cent decline on the $3.5 billion reported this time last year. Group First one pre-tax profit of AUD 2.7bn ($ $918 million ), down 22% , missing expectations, due to mounting bad debts and tighter regulation resulting in its first dividend cut since the global financial crisis.
Group First one pre-tax profit of AUD 2.7bn ($ $918 million ), down 22% , missing expectations, due to mounting bad debts and tighter regulation resulting in its first dividend cut since the global financial crisis.