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BRIEF-Bank Of Queensland says FY profit up 22% to $318 mln

Published 08/10/2015, 09:27 am
Updated 08/10/2015, 09:28 am
© Reuters.  BRIEF-Bank Of Queensland says FY profit up 22% to $318 mln
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Oct 8 (Reuters) - Bank of Queensland Ltd BOQ.AX :

* FY 2015 appendix 4e and investor information pack BOQ.AX

* FY net interest income $907 million versus $761.2 million last year

* Says FY profit from ordinary activities after tax attributable to members up 22% to $318 million

* Says FY revenues from ordinary activities up 16% to $1.09 billion

* Final dividend fully franked 38 cents per share

* Says "there are many factors driving the outlook for margins in the year ahead given the changing regulatory environment"

* Expect amortisation profile to double over coming years with about 75% of this uplift expected to occur in 2016 year

* Says "further operating cost uplift will occur as the Virgin Money (LONDON:VM) (Australia) mortgage product is brought to market"

* Says "longer term outlook for a reduction in the cost to income ratio towards the low 40s remains"

* Says "expect to see an uplift in performance moving into the next financial year"

* "In time, we expect our cost to income ratio to trend towards the low 40s"

* Source text for Eikon ID:nASX4g1zN6

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