Genworth Mortgage Insurance reports ~68% drop in statutory NPAT
Genworth Mortgage Insurance Australia Limited (ASX: GMA) has released its 1H FY2022 results and reported a drop of 68.2% in its statutory NPAT to 18.9. It declared a fully franked dividend of 12 cents.
1H FY2022 Highlights:
Gross written premium decreased 34.9% to $188.6 million.
Net earned premium was up 26.7% to $216.5 million.
Insurance profit increased 11.2% to $79.5 million.
Underlying net profit after tax increased 75.8% to $134.3 million.
Other than the 1H FY2022, GMA announced on-market share buy-back for shares up to a maximum aggregate value of $100 million, starting August 2022.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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Genworth Mortgage Insurance reports ~68% drop in statutory NPAT
Genworth Mortgage Insurance Australia Limited (ASX: GMA) has released its 1H FY2022 results and reported a drop of 68.2% in its statutory NPAT to 18.9. It declared a fully franked dividend of 12 cents.
1H FY2022 Highlights:
Other than the 1H FY2022, GMA announced on-market share buy-back for shares up to a maximum aggregate value of $100 million, starting August 2022.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au