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ANZ Group Fiscal Q3 Cash Profit Rises; Operating Income Declines

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ANZ Group Holdings (ASX:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago, a Thursday filing showed.

For the three months ended June 30, operating income was AU$5.607 billion, down 1%, the dual-listed bank holding company added.

It also reported common equity tier 1 ratio of 12.51% as at June 30, up 12 basis points from the end of March.

The company remains on track to meet its return on tangible equity and cost-to-income targets as it works to reduce full year cost by 5%.

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