Not good news.
"Cash earnings after tax of $360 million, up 1%; basic earnings per share down 2% to 95.6 cents
Net Interest Margin down by 3 basis points to 1.94%; total lending growth of 5% or 0.8x system
Cost to Income Ratio up 80 basis points to 46.8%, including one-off restructuring cost..."
Down she goes. (click to enlarge chart)
