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CBA makes $3.7b profit in six months

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Commonwealth Bank's first half net profit is up one per cent to a record $3.661 billion.

CBA's net profit in the six months to December 31 was up from $3.62 billion in the same period in the previous year.

The bank's cash profit, a measure of its underlying performance, rose six per cent to $3.78 billion, from $3.58 billion.

Analysts had expected Australia's largest home lender to post an interim cash profit of about $3.7 billion.