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Australia's QBE lifts first-half profit 30 pct

Published 17/08/2017, 08:21 am
© Reuters.  Australia's QBE lifts first-half profit 30 pct
QBE
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SYDNEY, Aug 17 (Reuters) - Australia's QBE Insurance Group QBE.AX said on Thursday that first-half net profit rose 30 percent, as higher earnings from Australia, New Zealand and North America offset a higher payout ratio in emerging markets.

Net profit for the six months to June 30 was A$345 million ($273.4 million), compared with A$265 million a year ago and higher than a mean forecast of A$319 million, according to two analysts polled by Thomson Reuters I/B/E/S.

The company announced an interim dividend of 22 Australian cents per share, higher than the 21-cent interim dividend it paid a year ago.

($1 = 1.2618 Australian dollars)

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