Bank of Queensland Highlights FY19 Results; Expects lower YoY cash earnings in FY20

  • Dec 10, 2019 AEDT
  • Team Kalkine

Bank of Queensland Limited (ASX: BOQ) released its AGM presentation highlighting the disappointing results in a challenging operating environment.

Compared to the previous corresponding period, in FY19:

  • Statutory net profit after tax declined by 11% to $298 million.
  • Cash earnings after tax decreased by 14% to $320 million.
  • Cash earnings per share declined by 16% to 79.6 cents.
  • Dividend per share decreased by 14% to 65 cents.

Decisive action is being taken by the Bank to improve its performance. In FY20, BOQ expects a lower YoY cash earnings. Transformation strategy update is scheduled for late February 2020


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