Westpac delivers $2.5b profit
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Westpac Bank has reported a record after-tax profit of $2.54 billion, a 16 per cent increase on the previous year&#39;s results. The bank has also announced a final dividend of 44 cents, taking the full-year dividend to 86 cents fully franked.
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Quarterly profit for the period rose to $2.85 billion as the investment bank realized gains from takeover advice and the sale of its holdings in an energy company.
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Warren Buffett makes a $3.5bn profit from the sale of his shares in Chinese oil firm PetroChina.
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The world&#39;s biggest mining group, BHP Billiton Ltd./Plc. said on Wednesday its second-half net profit more than doubled on strong demand for industrial raw materials, and forecast sustained high prices for commodities.
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Announcing record profit and revenue for the past year yesterday, global resources group BHP Billiton says it has decided to award a $2bn bonanza to its shareholders.
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BHP Billiton, the world's largest miner, posted first-half net profits of 6.017 billion dollars Wednesday, down 2.4 percent.
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BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
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US equity mutual funds gained 2.5 percent in the past three months, trailing bond funds and stock-market benchmarks for the second straight quarter as shares of oil and gas companies fell.
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BHP Billiton, the world&#39;s biggest mining company, has doubled its profits in the second half of the year on the back of booming global commodity prices.
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Insurer and fund manager AMP has reported a better-than-expected profit for the first half on higher investment returns and improved margins after casting off its British operations.
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Platinum continued its record-setting rally Wednesday, briefly rising above $2,000 an ounce for the first time amid concerns that a power shortage in South Africa could slow mining operations for several years.
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HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States that led to the removal of two senior executives.
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The newspaper publisher and television station operator said  third-quarter profit fell to $2.5 million as ad revenue slumped.
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Mining giant BHP Billiton reported a record first half-profit of 6.168 billion dollars, up from 4.364 billion in the same period the previous year.
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TORONTO - Bank of Nova Scotia reported a record annual profit of $2.93 billion Tuesday, an increase of more than $400 million, or 18 per cent, over 2003.
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Continued improvement in its operational performance boosts second-quarter earnings.
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SYDNEY: Australian supermarket group Woolworths Ltd reported a better-than-expected 12% gain in second-half profit on cost savings, and forecast a rise of up to 15% in 2005 earnings despite increased competition.