NAB (ASX:NAB) full year profits fell 10.6 per cent

07Nov

NAB (ASX:NAB) full year profits fell 10.6 per cent

 

NAB (ASX:NAB) report their full year profits fell 10.6 per cent to $5.1 billion

They had been expected by analysts to deliver a cash profit of $5.1 billion to $5.2 billion.

The company also determined the Executive Leadership Team will receive no short-term variable reward and no fixed remuneration increase for FY19.

The cpmpany also announced a 16 per cent reduction in the final dividend to 83 cents a share.

Shares in NAB (ASX:NAB) are trading 1.33 per cent higher at $28.17.

Copyright 2019 – Finance News Network


Source: Finance News Network

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