Tower 1H underlying net profit beats analysts' expectations

Better weather played a part. (Image: Getty)

Tue, 20 May 2025

Insurer Tower reported a better-than-expected lift in underlying profit for the year's first half.Underlying net profit was $61.7 million for the six months to March 31, versus $36.6m in the same period a year earlier. Reported net profit was $49.7m.Forsyth Barr analysts had estimated that the underlying net profit would be $59.9m.Tower declared a fully imputed dividend of 8 cents a share versus 3 cents a share in the same period a year earlier.“These positive first-half results reflect Tower’s commitment to delivering...

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