Australia's Westpac logs flat third-quarter profit
Aug 19 (Reuters) -Australia's Westpac Banking Corp WBC.AX on Monday said its third-quarter net profit was largely in line with a year ago, as higher earnings on capital and hedged deposits offset rising expenses, bad loans and competition in the mortgage market.
The country's number three lender by market valuesaid unaudited net profit was A$1.8 billion ($1.20 billion) for the three months ended June 30, compared with A$1.8 billion posted a year earlier.
($1 = 1.5006 Australian dollars)
Reporting by Roushni Nair and Shivangi Lahiri in Bengaluru; Editing by Chris Reese
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