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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Westpac Banking Corp    WBC   AU000000WBC1

WESTPAC BANKING CORP (WBC)
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Westpac Banking : statement on proposed South Australian bank tax

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11/15/2017 | 06:55am CEST

Westpac today welcomed the South Australian Government's decision to not proceed with its planned bank tax.

Westpac Group CEO Brian Hartzer said the common sense decision will have wide-ranging benefits for the community.

'Westpac welcomes the South Australian Government's decision to withdraw its proposed bank tax. This is good news for the South Australian economy, business and the wider community. Westpac is proud to be a major employer and service provider across the state and today's decision builds more confidence and certainty for business in South Australia,' Mr Hartzer said.

Westpac Banking Corporation published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 05:54:05 UTC.

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Financials (AUD)
Sales 2018 22 259 M
EBIT 2018 12 437 M
Net income 2018 8 389 M
Debt 2018 -
Yield 2018 7,23%
P/E ratio 2018 11,06
P/E ratio 2019 10,87
Capi. / Sales 2018 4,02x
Capi. / Sales 2019 3,92x
Capitalization 89 408 M
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Technical analysis trends WESTPAC BANKING CORP
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Mean consensus HOLD
Number of Analysts 14
Average target price 31,0  AUD
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Brian Hartzer Chief Executive Officer, Executive Director & MD
Lindsay Philip Maxsted Chairman
David Lees Chief Financial Officer
David Curran Chief Information Officer
Robert Wilson Chief Technology Officer
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