Business
Suncorp slashes its dividend as cash profits fall in the pandemic – Sydney Morning Herald
Suncorp Group’s profits have fallen by a third but still beaten the market’s estimates.
“It has been a challenging 12 months for Suncorp and for the customers and communities we support: first a season of extreme weather conditions, and then the global COVID-19 pandemic which will result in long lasting economic disruption and fundamentally change the way we live,” said chief executive Steve Johnston.
“The strength of our balance sheet has enabled the board to determine a fully franked final ordinary dividend of 10 cents per share. It is pleasing we are able to deliver on our comm…
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