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Westpac half year after-tax profit rises 7 per cent to $4.2 billion

Westpac has just announced a half year after-tax profit of $4.2 billion, a 7 per cent improvement.



The bank's preferred measure of cash profit is up by 6 per cent at $4.25 billion.

"Our businesses continue to perform solidly, with the results for the consumer and business banks particularly good," Westpac chief executive Brian Hartzer said in a statement.

"All businesses increased core earnings over the prior half."

Mr Hartzer also noted "significant customer and community concerns" raised at the financial services royal commission, and said the bank would continue to make changes based on feedback from customers, regulators and the royal commission itself.

"We have been actively seeking out instances where we've got it wrong, and in those cases, putting it right for the customers affected," he said.

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