CBA posts $4.7bn profit, up 7pc

1points Posted 103 days, 12 hours ago by durx

COMMONWEALTH Bank has lifted its profit by 7 per cent and says volatility in financial markets is putting pressure on its funding costs.

Net profit for the year ended June 30 rose to $4.791 billion while the bank's preferred measure of profitability, cash earnings, rose 5 per cent to $4.733 billion.

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