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Suncorp forecasts profit decline

by Staff Reporter7 minute read
The Adviser

Suncorp’s net profit for the for the 12 month period to 30 June 2008 should be between $525 and $550 million, the bank told the market today.

While the forecast result is almost half that recorded for the same period the year, the bank remained optimistic that it was well-placed to weather external challenges in the future.

“Our businesses are in good shape, integration is progressing well and delivering the synergies we targeted, our customer base has grown and satisfaction across all brands continues to improve,” chief executive John Mulcahy said.

Published: 01-08-08

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