Monday, November 5, 2018

Westpac delivers "flat" profit as Royal Commission fallout bites

Westpac's full year profit has risen by one percent to $8.1 billion as it confront Royal Commission fallout and a customer remediation provision of $281 million. 

Chief executive Brian Hartzer has warned of headwinds including a "negative impact" on China is US-China trade tensions morph into a fully blown trade war. 

Here's my analysis from The World Today

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