ANZ.NZX - Anyone holding?

[Snoopy]

What we are looking for here is the ability to raise margins at above the rate of inflation over some time period longer than two years back to back.

Financial Year	Net Sustainable Profit (A)	Gross Interest Revenue (B)	Net Profit margin (A)/(B)
2012	$6.132m	$30,538m	20.1%
2013	$6.599m	$28,627m	23.1%
2014	$7,111m	$29,524m	24.1%
2015	$7,130m	$30,526m	23.4%
2016	$6,834m	$29,951m	22.8%

Result: Pass Test

The average 'net profit margin' for five years was 22.7%. The comparative figure for Heartland was 16.7%

SNOOPY