Bank of Queensland Ltd. announced unaudited consolidated earnings results for the half year ended February 28, 2013. For the period, the company reported interest income of AUD 1,169.7 million against AUD 1,326.6 million a year ago. Net interest income was AUD 333.5 million against AUD 323.5 million a year ago. Net banking operating income was AUD 395.4 million against AUD 376.4 million a year ago. Net insurance operating income was AUD 19.6 million against AUD 20.2 million a year ago. Profit loss before income tax was AUD 146.0 million against loss before income tax of AUD 128.1 million a year ago. Profit attributable to equity holders of the parent was AUD 100.5 million against loss attributable to equity holders of the parent of AUD 90.6 million a year ago. Basic and diluted earnings per share were 31.7 cents against basic and diluted loss per share of 39.8 cents a year ago. Net cash used in operating activities was AUD 165.5 million against net cash from operating activities of AUD 303.6 million a year ago. Payments for property, plant and equipment was AUD 6.3 million against AUD 7.5 million a year ago. Payments for intangible assets were AUD 12.9 million against AUD 10.1 million a year ago. The increase in profit after tax was largely attributable to a reduction in impairment charges to AUD 59.5 million from AUD 327.7 million in the prior corresponding period. Net interest income was increased by 3% to AUD 333.5 million from the prior corresponding period result of AUD 323.5 million. This was driven by asset growth across the retail portfolio offset by reduced net interest margin compared to prior corresponding period.

Bank of Queensland Ltd. announced an interim dividend of 28 cents per share fully franked. The ex-dividend date is May 2, 2013, record date is May 8, 2013 and payable on May 27, 2013.

Bank of Queensland Ltd., H1 2013 Earnings Call, Apr 18, 2013