BOQ reports A$97.2 million profit
(16 April 2010 – Australia) The Bank of Queensland has announced a first half cash net profit after tax of A$97.2 million, a 15 percent increase on 1H09.
The Bank reported its net profit for the six months ended February 28 increased to A$90.9 million from A$46.3million a year ago, a 96 percent increase.
The group’s cash net profit after tax, a measure in which volatile items have been stripped out, increased 15 percent to A$97.2 million.
Bank of Queensland also reported its operating income rose to A$342.9 million from A$304 million a year ago.
The regional lender said it is now in a far stronger position than it was in when the global financial crisis hit.
The bank’s managing director, David Liddy, said that the bank was delivering on its strategy of reducing capital intensity and increasing margins through complementary acquisitions and its ongoing review of merger and acquisition opportunities as they arise.
The bank will pay a fully-franked interim dividend of 26 cents per share, which is the same as the dividend provided a year ago.
The group’s cash net profit after tax, a measure in which volatile items have been stripped out, increased 15 percent to A$97.2 million.
Bank of Queensland also reported its operating income rose to A$342.9 million from A$304 million a year ago.
The regional lender said it is now in a far stronger position than it was in when the global financial crisis hit.
The bank’s managing director, David Liddy, said that the bank was delivering on its strategy of reducing capital intensity and increasing margins through complementary acquisitions and its ongoing review of merger and acquisition opportunities as they arise.
The bank will pay a fully-franked interim dividend of 26 cents per share, which is the same as the dividend provided a year ago.
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