National Australia Bank's first-quarter cash earnings slip on higher impairment charges
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National Australia Bank reported a 3% drop in its first-quarter cash earnings due to higher credit impairment charges and income tax expenses, despite growth in underlying profit.
February 18, 2025 | 9:45 pm
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National Australia Bank's first-quarter cash earnings decreased by 3% due to increased credit impairment charges and tax expenses, despite growth in underlying profit.
The decrease in cash earnings is primarily due to higher credit impairment charges and tax expenses, which are significant factors for investors. This news is likely to negatively impact NABZY's stock price in the short term as it indicates financial challenges.
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