Business

NAB shares down after weak numbers

NATIONAL Australia Bank's share price was down 1.6% on news of a 1% fall in revenue for the big four bank revealed in a third quarter trading update released on Tuesday.

Shareholder profit in the June quarter reached $1.2 billion, with unaudited cash earnings steady at about $1.4 billion in the quarter.

While the company's Australian assets remained its strong point, charges related to a restructure of its United Kingdom assets were the chief driver behind the difference in cash and statutory earnings.

Topics:  asx, nab, shares, stock market



Local Real Estate

finda logo
Featured Real Estate
Brisbane 4000  9x3m $24,900, 10x3m $27,500. Bathroom, bedroom, lounge, kitchen, colorbond finish, gyprock, cornices ...
123 Lyndhurst Lane... $239,000
Residential Land 0 0
0 Old Church Road... $140,000
House 2 1 2
345 Bracker Road... $499,000
House 6 2 3

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.