Bank of Queensland Sees Profit Surge Amid Revenue Drop

Bank of Queensland Limited (AU:BOQ) has released an update.

Bank of Queensland Limited reported a significant 130% increase in profit to $285 million for the year ending August 2024, despite a 9% decline in revenue to $1.6 billion. The bank has also declared fully franked dividends for its shareholders, reflecting its strong financial performance. Investors may find the increased profitability and consistent dividend payments promising for future growth prospects.

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