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Australia's Westpac warns of $109 mln hit to fiscal 2023 profit

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Australia's Westpac warns of $109 mln hit to fiscal 2023 profit

Australian lender Westpac Banking Corp said on Thursday it expects its net profit after tax in fiscal 2023 to decline by A$173 million ($109.11 million) due to certain one-off items, including the sale of its asset management business and write-down of assets.

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Australia's Westpac warns of $109 mln hit to fiscal 2023 profit

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Australia's Westpac warns of $109 mln hit to fiscal 2023 profit

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