Suncorp Reports 42% Drop In Full-Year Net Profit, Declares Dividend

Suncorp Group Ltd SNMYF reported a 42% decline in its full-year net profit. Suncorp's net profit for the period dropped to $453 million Australia dollars (US$476.2 million), from A$780 million, in the year-ago period. However, analysts were expecting net profit of A$417.4 million. Suncorp's board declared a final dividend of 20 Australian cents per share.