Commonwealth Bank Profit Could Double on Funds Business - 2004-02-08
Commonwealth Bank of Australia, the nation's largest mortgage lender and biggest investment manager, could say first-half profit doubled as lending rose, fund-management earnings increased and costs were reined in.
Net income probably rose to a record A$1.25 billion ($968 million) in the six months to Dec. 31, from A$622 million a year earlier, according to a Bloomberg News survey of seven analysts.
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