Half Yearly Report

Document date:  Wed 05 May 1999
Published:  Wed 05 May 1999 00:00:00
Document No:  148214
Document part:  A
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

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                       HALF YEARLY REPORT 
                       (Equity Accounted)

Name of entity
Australia & New Zealand Banking Group Limited 

ACN, ARBN or ARSN       Half    Preliminary       Half Year ended
                        yearly     final         ('current period')
                        (tick)    (tick)
005 357 522               X                       31/03/1999



FOR ANNOUNCEMENT TO THE MARKET                                AUDM

Sales (or equivalent operating)
evenue (item 1.1)                       down       7.6% to     4,383

Abnormal items after tax 
attributable to members (item 2.5)       gain/loss       of       Nil

Operating profit (loss) after tax
(before amortisation of goodwill)
attributable to members (item 1.26)      up        14.8% to       720

Operating profit (loss) after tax
attributable to members(item 1.10)       up        14.6% to       716

Extraordinary items after tax
attributable to members (item 1.13)      gain/loss       of       Nil 

Operating profit (loss) and 
extraordinary items after tax 
attributable to members (item 1.16)      up        14.6% to       716


Dividends (distributions)


Interim Dividend (current year)            26 c  (75% franked) 
             

Interim Dividend (previous year)           24 c  (60% franked)     
          
                                 
Record date for determining entitlements to the dividend,
(in the case of a trust, distribution) (see item 15.2)    11/06/1999

Brief explanation of omission of directional and percentage changes 
to profit in accordance with Note 1 and short details of any bonus 
or cash issue or other item(s) of importance not previously released
to the market:

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