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The Business Week in Numbers

AAP logoAAP 11/11/2016 Lilly Vitorovich

Westpac reported a huge net profit but cut its return on equity target, the rollout of the national broadband network gains steam, and Donald Trump's election victory sent Australian shares on a rollercoaster ride. The big and small numbers that grabbed attention - or should have - in the business world over the past week.


$7.44b - The net profit made by Westpac in the year ended September 30, steady on the same period a year earlier. The bank cut its target for return on equity to between 13 and 14 per cent in the medium term, from 15 per cent, a level it described as unrealistic in a low interest rate environment that has no end in sight.


3.4 million - The number of Australian premises that the national broadband network has reached to date, representing nearly 30 per cent of the company's overall 2020 target. NBN Co added about 338,000 new homes and business to its footprint in the three months to September 30.


$35b - The value wiped from the Australian share market as the US presidential vote count pointed to a Donald Trump victory. Stunned investors sold stocks in the second half of a rollercoaster day that began with big gains.


$50b - The valued added to the Australian share market as investors hoped Donald Trump could boost the US and global economies with his focus on big spending.


$159m - Chinese private equity firm Honey Capital paid that much to increase its stake in oil and energy producer Santos to 3.2 per cent. Honey's purchase of 40 million shares came eight months after the firm sold a 11.7 per cent stake in Santos to Chinese gas distribution group ENN.

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