Bank of Queensland (ASX:BOQ) see 14% decline in FY19 cash earnings

Company News

by Rachael Jones

Bank of Queensland (ASX:BOQ) reports their financial year 2019 cash earnings after tax of $320 million, is down 14 per cent on financial year 2018.

Statutory net profit after tax decreased by 11 per cent to $298 million.

Basic cash earnings per share was down 16 per cent to 79.6 cents per share.

The Board has announced a final dividend of 31 cents per share, for a full year dividend of 65 cents per share.

This is a reduction of 11 cents per share from FY18.

Shares in Bank of Queensland (ASX:BOQ) trading 4.1 per cent lower at $9.26.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.