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Suncorp Group Limited ( (AU:SUN) ) has provided an update.
Suncorp Group Limited has reported strong financial results for the half-year ending December 31, 2024, showing an 11.23% increase in revenue to AUD 8,380 million and an 89% rise in net profit attributable to shareholders, reaching AUD 1,100 million. The company declared a stable final ordinary dividend and announced an interim and special dividend for 2025, with the Dividend Reinvestment Plan suspended due to the significant proceeds from the sale of Suncorp Bank. This financial improvement underscores Suncorp’s robust market performance and strategic adjustments, which could have positive implications for stakeholders and enhance its competitive positioning.
More about Suncorp Group Limited
Suncorp Group Limited is an Australian financial services company that provides insurance and banking products. The company operates across Australia and New Zealand, focusing on offering personal, business, and commercial insurance as well as banking solutions.
YTD Price Performance: 4.41%
Average Trading Volume: 6,493
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.13B
See more data about SUN stock on TipRanks’ Stock Analysis page.
