Commonwealth Bank of Australia Reports 13% Surge In Net Profit

Commonwealth Bank of Australia CBAUF reports a 13% rise in its fiscal-year net profit. Commonwealth Bank of Australia reported its net profit at 6.39 billion Australian dollars ($6.6 billion), up from A$5.66 billion, in the year-earlier period. Its cash net profit climbed 12% to A$6.84 billion, versus analysts' estimates of A$6.82 billion. Its net interest income increased 7% to A$12.647 billion.