April 30, 2019 / 9:44 PM / 21 days ago

Australia's ANZ first-half profit rises 2 pct, beats forecast

May 1 (Reuters) - Australia and New Zealand Banking Group Ltd on Wednesday said first-half cash profit rose 2 percent, helped by lower operating expenses and credit impairment charges.

Australia’s third-largest lender said cash profit from continuing operations, which omits various one-off items and is the most closely-watched metric, was A$3.56 billion ($2.51 billion) for the six months ended March 31, compared with A$3.49 billion a year earlier.

The figure was above an estimate of A$3.39 billion by five analysts polled by Reuters.

$1 = 1.4184 Australian dollars Reporting by Rushil Dutta and Devika Syamnath in Bengaluru; Editing by Shounak Dasgupta

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