Business

CBA announces record profit

THE Commonwealth Bank has recorded a record $7.09 billion profit for the past financial year, a jump of 11%.

Shareholders will receive a franked final dividend of $1.97 per share, up 5% from the previous year.

The bank's CEO Ian Narev said it was a good result given the "uncertain" economic environment.

Shares in the banking giant were up marginally at the close of trade on Wednesday.

Topics:  commonwealth bank profits



I'm a Celebrity grants under way

DECISIONS: The set of I'm a Celebrity, Get Me Out of Here, filmed on the Tweed.

Hit show gives back to community

Four things to do this weekend

Rotary duck race participants
Photo: John Gass / Tweed Daily News

Kites, racing ducks and dancing party on offer this weekend

Flooding's 'not an issue' for Cudgen development

Photo of the flooding at Cudgen new development

Landowner not worried about water.

Local Partners