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Commonwealth Bank Of Australia Q3 Cash Net Profit Down 5%

Commonwealth Bank of Australia (CBA.AX) reported that its third quarter unaudited cash net profit after tax was about A$2.4 billion, down 5% on the prior comparative quarter.

It reported statutory net profit after tax of about A$2.4 billion in the third-quarter.

Operating income was down 1%, driven by one less day in the quarter.

Operating expenses were up 2%,with higher amortization and staff costs partly offset by productivity initiatives.

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