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ANZ profit tipped to break A$2 billion

ANZ profit tipped to break A$2 billion

(Australia) - ANZ Banking Corp is tipped to break the A$2 billion barrier when it reports its 2001/2 profit later this week. ANZ's first half net earnings were up 17.3 percent to A$1.05 billion for the six months to March 31 this year.

A recent report from Salomon Smith Barney forecast that ANZ could deliver earnings per share growth as high as 15 percent, even despite its US$131 million exposure to stricken UK firm Marconi.
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