News: CGF Challenger Sees 2019 Normalised Net Profit Before Tax Of Between $545 Mln & $565 Mln

Feb 12 (Reuters) - Challenger Ltd (CGF) :

• FOR 2019, CO HAS REVISED ITS EXPECTED EARNINGS RANGE FROM 8% TO 12% GROWTH ON 2018
• FOR 2019, CO EXPECTS NORMALISED NET PROFIT BEFORE TAX OF BETWEEN $545 MILLION AND $565 MILLION
• THE NORMALISED PRE-TAX ROE IN 2019 IS NOT EXPECTED TO REACH THE 18% TARGET DUE TO LOWER EARNINGS IN 2019.
• FOR 2019, CHALLENGER EXPECTS TO ACHIEVE A FULLY FRANKED DIVIDEND PAYOUT RATIO OF 45% TO 50% OF NORMALISED PROFIT
• NORMALISED COST TO INCOME RATIO IS FORECAST TO REMAIN IN THE RANGE OF 30–34% OVER THE MEDIUM TERM

Source text : [ http//bit.ly/2Gi7DPS ]

(([email protected];))