Westpac Banking Corporation (AU:WBC) has released an update.
Westpac Banking Corporation announces a $164 million reduction in net profit after tax for the first half of 2024 due to notable items related to hedging activities, with these impacts expected to reverse over time. The company has also restated operating segments following structural changes and refined financial reporting methods, which do not affect the Group’s overall net profit after tax. Investors can look forward to the full half-year 2024 results scheduled for release on May 6, 2024.
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