Larry Williams Drive

After reporting a profit surge this morning, ANZ's share price has dropped more than 4 percent. The New Zealand arm's net profit for the year to September was almost 2.3 billion dollars - a rise of 20 percent on the previous year. And during the cost of living crisis, it's made a cash profit of more than two billion - up 8 percent on the previous financial year. Chief executive, Antonia Watson, says she's surprised the share price dipped after such a strong result. LISTEN ABOVESee omnystudio.com/listener for privacy information.