Bank of Queensland Expects To Post H2 Profit

Australia's Bank of Queensland

expects to post a profit in the second-half of fiscal 2012. The bank expects a net profit after tax of 70 million Australian dollars (US$71.7 million) to A$75 million, versus a loss of A$90.6 million in the first half. It projects normalised underlying profit before tax of A$220 million to A$225 million. The bank will release full-year results on October 18.