Business Services Industry

Adelaide Bank thrives in its niche.

Australasian Business Intelligence, August, 2001

Aug 31, 2001 (Herald Sun

ABIX via COMTEX) -- An annual net profit rise of 26 to $A34.1m was posted by Adelaide Bank executives on 30 August 2001. MD, Barry Fitzpatrick, forecasted double-digit growth for 2001-02. Adelaide Bank's Leveraged Equities made an $A8.4m pre-tax profit in its first full year of operation. Earnings per share gained 21 to $A0.43. Adelaide Bank shares gained $A0.13 before closing at $A6.63.

ADELAIDE BANK LIMITED - ASX ADB: LEVERAGED EQUITIES PTY LTD

By Anthony Keane

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