Westpac Announces Buyback, Raises Dividend Following Strong Results
SYDNEY— Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a 1.5 billion Australian dollar (US$980 million) share buyback and increasing its dividend. Westpac, one of Australia’s major banks, said its net profit totaled A$7.2 billion…
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