Bendigo and Adelaide Bank: Modest rise in income & profit for HY2016

Company News

by Jessica Amir

Bendigo and Adelaide Bank Limited (ASX:BEN) has announced a 1.5% rise in income for the half year to 31 December 2016, compared to the prior corresponding period.

The banking group also reported its net profit after tax hit $209 million for the six months, which was just 0.1% higher than the prior corresponding period.

It is also expecting to pay a fully franked interim dividend of 34 cents in March, which is on par with its 2015 final and interim dividends.

The company says its cash earnings strengthen 0.4% and rose to $224.7 million, while its cash earnings per share fell 1.8% from the prior corresponding period.

Bendigo and Adelaide Bank Limited (ASX:BEN) reported a net profit of $415.6 million at 30 June 2016.

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