Much of that was delivered by Bunnings, which posted a 6.3 per cent increase in its revenue to $9.79 billion.
Contrast that though with the Kmart group, which includes Target, and is also a low-cost retail business. The RBA more than trebled the cash rate in the first half of financial year 2023, lifting it from 0.85 per cent in July to 3.1 per cent by December.Speaking at the AFR's Business Summit in Sydney this week, Mr Comyn told the gathered crowd the bank's 2.1 per cent NIM was lower than what it posted in 2018 when the RBA's interest rate was 1.5 per cent .
"Of course, owners, like any owners in a business, will expect some rate of return and we've got to strike that balance."The three other "big four" banks do not report their half-year results at this time. does. It saw its NIM increase too — up 19 basis points to 1.88 per cent."You've seen some of the best results or best growth numbers posted by the banks," Ms Liu said.
When did companies making profits become a crime? Qantas lost money during the pandemic years yet no one seems to mention that. The losses made were bigger than the recently declared profit.
Fancy getting overseas dudes running it.
Disgraceful
And it’s these profiteers that the rba should be targeting…
So they could pay back the money we gave them?
Inflation now being led by corporate price inceases.
Yep, we know
When the people who are working will cashing?
Why aren’t they paying dividends to shareholders?