AU market earnings: Westpac posts $1.8 billion Q3 profit, A2 Milk warns of China market challenges
Westpac’s third-quarter profit hits $1.8 billion with strong deposit and loan growth. A2 Milk warns of China market declines despite profit gains.
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This video was created on 19 August for IG audiences by ausbiz.
Westpac, A2 Milk, and Audinate report key financial results
Westpac reported a third-quarter net profit of $1.8 billion, a 6% increase from the first-half average. A2 Milk saw an 8% rise in full-year profit to NZ$167.5 million but warned of challenges in the China market. Audinate achieved a record gross profit of $44.5 million, driven by significant revenue growth.
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