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AAP
AAP
Derek Rose

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has made $7.2 billion in net profit after tax, winning the plaudits of commentators. (Joel Carrett/AAP PHOTOS)

Westpac has grown its full-year net profit by 26 per cent to $7.2 billion and is returning some of that to shareholders with a $1.5 billion share buyback.

Australia's oldest company also announced on Monday a final dividend of 72c a share, taking its total dividend for 2022/23 to $1.42 per share, up 14 per cent from the year before.

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