Australia's MyState falls on drop in first-half profit
18/02/2022 24:39
** Shares of MyState MYS.AX fall as much as 6.8% to
A$4.910, on track for their worst session since Sept 2021 if
losses hold
** The bank says profit after tax attributable fell 2.4% to
A$16.6 mln ($11.92 mln) in the first half, hurt by higher costs
related to its move to lift home lending urn:newsml:reuters.com:*:nASX64j8q5
** Announces an interim dividend of 12.5 Australian cents
per share
** Stock hits lowest since Dec. 24
** MYS is up 3.9% this year, as of last close
($1 = 1.3926 Australian dollars)
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))
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