(Reuters) – National Australia Bank reported a 3% drop in its first-quarter cash profit on Wednesday as compared to the quarterly average of the second-half of 2023, hurt by higher cost pressures.
The country’s second-biggest lender by market valuation posted cash earnings of A$1.80 billion ($1.18 billion) for the quarter ended Dec. 31.
($1 = 1.5265 Australian dollars)
(Reporting by Archishma Iyer and Echha Jain in Bengaluru; Editing by Pooja Desai)
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