C.B.A. pays more
The Commercial Bank of I Australia, Ltd. has raised its]! dividend payout after group, i net profit increased 16 per f cent to a record SAust2o.9M ! in the year to June 30. The directors have raised, the dividend for the year; from 14.5 c a share to 16c al share. The higher annual divi-i dend was announced bv the' directors several weeks ago, and together with a record I profit from the wholly 1 owned finance subsidiary, t General Credits, Ltd, and the t insurance group, A.F.G. i Insurance. Ltd, pointed to a r higher result for the bank. !i Earrings per share were J 41.6 c, compared to 44.8 c I last year. However capital If was increased during the] year by a one-for-four rights [i issue which added 59.9 M ] t shares to the company's!!! ] issued capital. Total income for the bank(t during the year amounted to ( 15264.8 M (5216.9 M pre- i viously), and was made up 4 of a contribution of 5140.2 M; i fiom the banking area and IS $124.6M from the non-bank-j in«. area. ; s As announced General ;h Credit. Ltd, increased profits 11
42.5 per cent to more than SI2M while A.F.G. Insurance raised group net profit $371,000 to $489,000.
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Press, 27 August 1977, Page 19
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210C.B.A. pays more Press, 27 August 1977, Page 19
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