SUN suncorp group limited

News: SUN Suncorp FY net profit for the period A$1.04 billion; down 8.38 percent

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    Aug 3 (Reuters) - Suncorp Group Ltd (SUN) :

    • FY 2016 preliminary financial report appendix 4E
    • FY revenue from ordinary activities down 7.39pct to $15.49 billion
    • Says net profit for the period attributable to owners of co down 8.38 percent to A$1.04 billion
    • Announces final dividend payment for the year ending 30 June 2016 of 38 cents per fully paid ordinary share
    • Expects dividend payout ratio of 60% to 80% of cash earnings
    • Targets maintaining a flat cost base in FY 2017 and FY 2018
    • Targets improving underlying NPAT
    • Targets delivering a sustainable roe of at least 10%

 
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