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 ]
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Feb 12 (Reuters) - Challenger Ltd (CGF) : FOR 2019, CO HAS...
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