Westpac's half-year profit to drop by $89.4 million due to hedging

Reuters

2025/04/30

April 30 (Reuters) - Australia's Westpac Banking Corp WBC.AX on Wednesday said its net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to notable items related solely to hedging, which are expected to reverse over time.

($1 = 1.5669 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Tasim Zahid)

((Adwitiya.Srivastava@thomsonreuters.com;))

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