Australia's Westpac first-half profit slips 1%, misses estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2025
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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.
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.
