Bendigo and Adelaide Bank profit, income and earnings rise

Company News

by Jessica Amir

Bendigo and Adelaide Bank (ASX:BEN) reported its statutory profit grew 11 per cent in the six months to 31 December 2017, compared to the same time last year, hitting $232 million.

Its underlying cash earnings also rose about 11 per cent to $225 million.

Income from operations rose 6 per cent over the same period to $843 million.

The company declared an interim dividend of 35 cents per share fully franked, payable on 29 March 2018.

Shares in Bendigo and Adelaide Bank (ASX:BEN) are trading 0.27 per cent lower to $11.20

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