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Westpac reports a slight drop in earnings but boosts dividend, amid economic uncertainties.
Westpac, one of Australia's major banks, reported a 1% drop in first-half earnings to $3.3 billion.
CEO Anthony Miller noted customer resilience amid cost-of-living challenges and the potential benefits of the Reserve Bank of Australia's interest rate easing cycle.
However, he warned of increased geopolitical risks, especially from US trade policies.
Despite these challenges, Miller urged investors to "look through the noise," highlighting Australia's strong position.
Westpac also announced an interim dividend of 76 cents per share, up one cent from the previous period.
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Westpac reporta una ligera caída en las ganancias pero aumenta el dividendo, en medio de las incertidumbres económicas.