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Media Release & ASIC Half Yearly Accounts

Document date:  Mon 01 May 2000
Published:  Mon 01 May 2000 09:03:15
Document No:  161584
Document part:  A
Market Flag:  Y
Classification:  Half Year Audit Review , Half Year Directors' Statement , Half Year Accounts

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-05-01  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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MEDIA RELEASE

2000 INTERIM RESULTS

ANZ DELIVERS ON SHAREHOLDER COMMITMENTS

* Profit after Tax of $817 million up 14%

* Earnings per share of 49.3 cents up 10%

* Interim Dividend 29 cents up 12% - 100% franked

* ROE increased to 17.8% (from 17.3%)

* Costs flat, cost income ratio 51.4% (from 55.2%)

* No net abnormal items

* Grindlays sale releases good value

* Strategic foundation now in place

* Emphasis on new growth propositions



"This is another good result for ANZ shareholders. Management and
staff are to be complimented on their consistent delivery of
double-digit earnings per share growth. Shareholders will also be
pleased with the return to full franking. With the release of value
from the sale of Grindlays, we now have the foundation and financial
flexibility to build the company", ANZ Chairman, Mr Charles Goode.

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