February 11, 2020 / 12:46 AM / 9 days ago

BRIEF-Challenger Ltd Says FY20 Normalised Profit Before Tax Expected To Be Around Top End Of Co's Guidance Range

Feb 11 (Reuters) - Challenger Ltd:

* FY20 NORMALISED NET PROFIT BEFORE TAX IS EXPECTED TO BE AROUND TOP END OF CO’S GUIDANCE RANGE OF $500 MILLION TO $550 MILLION

* FY20 DIVIDEND EXPECTED TO REMAIN UNCHANGED FROM FY19 AT 35.5 CPS

* FOR FY, ON TRACK TO ACHIEVE NORMALISED RETURN ON EQUITY TARGET OF RBA CASH RATE PLUS A MARGIN OF 14%. Source text for Eikon: Further company coverage:

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