BOQ expects FY12 loss

Company News


Bank of Queensland Limited (ASX:BOQ) expects to post a full year loss in the 2012 financial year.

The regional bank has touted a profit of between $70 and $75 million dollars for the second half.

Combined with its first half loss, the second half result will contribute to a full year loss of about $20 million.

BOQ’s second half result will include approximately $10 million in outstanding items including operating loss refunds, legal expenses, government fees and restructuring expenses.

Full year results are due for release on the 18thOctober. 

Bank of Queensland reported a first half loss of $90.6 million.

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