Australia's NAB flags A$325 mln cash reduction for H1 2019 [Reuters (UK)]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Australia's NAB flags A$325 mln cash reduction for H1 2019 - Reuters 1 Min Read April 18 (Reuters) - National Australia Bank Ltd on Thursday flagged an estimated A$325 million ($233.19 million) hit to cash earnings for the first half of this year as a result of increased provisions for customer refunds. The lender also announced additional charges of A$525 million after tax in connection with the provisions in a statement to the Australian Stock Exchange. ($1 = 1.3937 Australian dollars) (Reporting by Nikhil Subba in Bengaluru) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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