Thorburn Beats Retreat for NAB as U.K. IPO Mulled

The transcript discusses NAB's financial performance, highlighting a 9.8% decline in cash profit due to UK write downs. Despite this, UK profits doubled. CEO Andrew Thorburn emphasizes the urgency of exiting UK assets to improve shareholder returns, with a focus on Australia and New Zealand operations. The market reacted positively, with NAB shares rising. A press conference is scheduled to discuss the UK exit plan further.

What was the cash profit for NAB, and how did it compare to the previous year?

• 5.18 billion, down 9.8%

• 5.18 billion, unchanged

• 5.18 billion, down 14%

• 5.18 billion, up 9.8%

What was the main reason for the decline in NAB's cash profit?

• Increased competition in Australia

• Write-downs in the UK

• Higher operational costs

• Decreased loan demand

What strategic action did the CEO of NAB emphasize in response to the earnings report?

• Reducing workforce

• Exiting UK assets

• Increasing dividends

• Expanding UK operations

What was the performance of NAB shares following the financial results?

• Remained unchanged

• Increased by 0.75%

• Decreased by 1%

• Decreased by 0.5%

What dividend per share is NAB offering?

• $0.75

• $0.99

• $1.10

• $0.85