Business Services Industry
NRMA off target, says better luck next time.
Australasian Business Intelligence, September, 2001
Sep 1, 2001 (Sydney Morning Herald
ABIX via COMTEX) -- NRMA Insurance reported a net profit of $A143 million for the 2001 financial year. This was well below the forecast $A272 million, largely due to weak investment markets. Shares in the Australian insurer slipped $A0.02 to close at $A3.27 on 31 August 2001, as analysts welcomed the $A88 million insurance profit. NRMA Insurance declared a final divided of $A0.06, bringing the full-year, franked dividend to $A0.10. At the same time, Suncorp-Metway announced that Australia's competition watchdog had approved its purchase of AMP's stake in an insurance joint venture with the Royal Automobile Club of Queensland.
NRMA INSURANCE GROUP LIMITED - ASX
NRM:
SUNCORP-METWAY LIMITED - ASX SUN:...
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