Suncorp lifts half-year profit expectations
Suncorp expects improved half year to December 31, 2009 results due to a strong contribution from its general insurance business.
In an Australian Securities Exchange announcement, the group stated its preliminary expected results for the half year to December 31, 2009 would be up from a net profit after tax of $258 million in the same period in 2008 to between $355 million and $375 million.
The strong contribution from the general insurance business was a result of more favourable weather conditions (limiting claims) and enhanced returns from investment portfolios, Suncorp stated.
Detailed results for the half year to December 31, 2009 will be presented later in the month.
Recommended for you
In this week’s episode of Relative Return Unplugged, AMP chief economist Shane Oliver joins the show to unravel the web of tariffs that US President Donald Trump launched on trading partners and take a look at the way global economies are likely to be impacted.
In this episode of Relative Return, host Laura Dew is joined by Andrew Lockhart, managing partner at Metrics Credit Partners, to discuss the attraction of real estate debt and why it can be a compelling option for portfolio diversification.
In this week’s episode of Relative Return Unplugged, AMP’s chief economist, Shane Oliver, joins us to break down Labor’s budget, focusing on its re-election strategy and cost-of-living support, and cautioning about the long-term impact of structural deficits, increased government spending, and potential risks to productivity growth.
In this episode of Relative Return, host Laura Dew chats with Mark Barnes, head of investment research, and Catherine Yoshimoto, director of product management, from FTSE Russell about markets in Donald Trump's second presidency and how US small caps are faring compared to their large-caps counterpart.
