November 5, 2017 / 8:55 PM / 14 days ago

Australia's Westpac FY profit up 3 pct, misses forecast

Nov 6 (Reuters) - Australia’s Westpac Banking Corp posted a 3 percent rise in annual cash profit on Monday, helped by a strong performance of its consumer and business lending arms, but missed forecasts.

The country’s No. 2 lender reported a cash profit of A$8.06 billion ($6.17 billion) for the year ended Sept. 30, from A$7.82 billion a year ago. That missed the 4 percent increase in cash profit expected by 7 analysts polled by Reuters.

Westpac announced a final dividend of A$0.94 per share, same as last year. ($1 = 1.3062 Australian dollars) (Reporting by Rushil Dutta in Bengaluru, editing by David Evans)

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