Tower Australia Group Ltd
(ASX:TAL) says a growth in premium revenue saw a 88 per cent surge in the company’s annual net profit.
For the 12 months to September 30, Tower reported a net profit of $87.4 million.
Revenue for the year was also up 15 per cent to $791 million compared to the previous year.
Shareholders will receive a fully franked, final dividend of 5.75 cents payable on December 20 if they are registered with Tower by December 3.
