Feb 9 (Reuters) - Suncorp Group Ltd (SUN) :
- H1 NET PROFIT ATTRIBUTABLE DOWN 23.68% TO $490 MLN
- H1 REVENUE FROM ORDINARY ACTIVITIES UP 4.22% TO $7,352 MLN
- SUNCORP GROUP ANNOUNCES ORDINARY DIVIDEND OF 26 CENTS PER SHARE
- OPERATING EXPENSE BASE INCLUDING RESTRUCTURING CHARGES IS EXPECTED TO BE AROUND $2.8 BILLION IN FY21 AND FY22
- FY23 OPERATING EXPENSE BASE EXPECTED TO RETURN TO AROUND $2.7 BILLION
- REMAINS COMMITTED TO MAINTAINING A DIVIDEND PAYOUT RATIO OF 60-80 PER CENT OF CASH EARNINGS
- SUNCORP GROUP MAINTAINS A ROBUST REINSURANCE PROGRAM TO PROVIDE PROTECTION FROM NATURAL HAZARD COSTS.
- GROUP'S CATASTROPHE REINSURANCE COVERS REMAINED FULLY INTACT AT 31 DEC 2020, AVAILABLE TO BE USED FOR REMAINDER OF FY21
Source text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02339109
(SUN)
News: SUN Suncorp Group Posts HY Net Profit Attributable Of $490 Mln
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