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Suncorp Group’s Limited (ASX:SUN) full year net profit has fallen to $491 million, down 32 per cent on last year’s result.
The insurer’s net profit took a hit after the sale of its non-core bank earlier this year, resulting in an after tax hit of $632 million.
In the same period, revenue was $16.18 billion, a slight increase on the previous year.
The company says its simplification initiatives will continue to deliver benefits ahead of plan, providing $225 million in expected savings in fiscal 2015 and $265 million the following year.
Suncorp will pay a full year dividend of 55 cents per share fully franked plus a special dividend of 20 cents per share.
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Last
$19.67 |
Change
0.250(1.29%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.51 | $19.80 | $19.47 | $38.39M | 1.950M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 206 | $19.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.68 | 110 | 1 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
