February 10, 2020 / 9:11 PM / 7 days ago

Australia's Suncorp posts a surge in H1 profit

Feb 11(Reuters) - Australia’s Suncorp Group Ltd on Tuesday said its first-half net profit more than doubled, helped by the sale of its units and a strong reinsurance programme.

The company’s net profit rose to A$642 million ($428.92 million) in the six months ended Dec. 31, from A$250 million a year earlier.

The company declared an interim dividend of 26 cents per share.

$1 = 1.4968 Australian dollars Reporting by Shruti Sonal and Shreya Mariam Job in Bengaluru; Editing by Shailesh Kuber

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