Australia's Freedom Insurance Group annual profit falls 6 pct
Aug 29 (Reuters) - Life insurer Freedom Insurance Group Ltd
said on Wednesday its annual net profit fell six
percent, hurt by weak sales in the first half of the fiscal
The company said net profit for the fiscal year to June 30,
2018, fell to A$13.2 million ($9.66 million) from A$14.1 million
a year ago.
The company, which was listed on Tuesday among 10 firms to
appear next month at an inquiry into misconduct in the financial
services industry, said annual net revenue rose about 20 percent
to $A64.1 million.
($1 = 1.3669 Australian dollars)
(Reporting by Bengaluru newsroom
Editing by Paul Tait)
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