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Penny Stock DD

Australia & New Zealand Banking Group Ltd. (ANZ), the worst performer among Australia’s four largest banking stocks this year, posted the smallest half-yearly profit increase in 2 ½ years as lending profitability slipped.

Net income in the six months to March 31 gained 3 percent to A$2.66 billion ($2.91 billion) from the previous six months, the Melbourne-based bank said today, as provisions for bad debt dropped. Profit missed the A$2.77 billion median estimate of six analysts surveyed by Bloomberg News.

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Regards,

Don

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