Australia’s Westpac warns of A$173 million hit to fiscal 2023 profit

(Corrects headline to drop reference to lower profit in fiscal 2023, replaces with warns of a hit)

(Reuters) – Australia’s Westpac Banking Corp said on Wednesday that it projects its reported net profit after tax in fiscal 2023 will be reduced by A$173 million due to certain one-off items, including the sale of its asset management business.

(Reporting by Roushni Nair in Bengaluru)

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