Westpac’s bottom line rescued by write-backs, second-half improvement
Dairy sector improvement may lead to further writebacks.
Westpac appears to have been doing it tough over the last year because earnings were flat and, without a hefty contribution from recovered bad debts, would have gone backward.
The bank reported core earnings of $1.28 billion, down 0.3%, before write-backs of charges for bad debts of $76 million
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Jenny Ruth
Tue, 07 Nov 2017
Tue, 07 Nov 2017
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Westpac’s bottom line rescued by write-backs, second-half improvement
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