ANZ Group reports seventeen percent jump in first quarter cash profit as costs decline
ANZ Group reported a seventeen percent rise in first quarter cash profit to 1.94 billion dollars. The bank cited lower costs and firm revenue in its update.
Insights:
ANZ Group Holdings Limited announced on Wednesday that its cash profit for the three months ending December 31 rose 17% to A$1.94 billion. The quarterly trading update for the period in Australia 
AU indicated that the result was primarily driven by lower costs, firmer revenue, and higher cash returns on equity.
AU indicated that the result was primarily driven by lower costs, firmer revenue, and higher cash returns on equity.
