Wide Bay Australia records $7.190m profits in six months

SHAREHOLDERS can remain confident after the regionally based Wide Bay Australia Ltd reported Interim Results for the half year ended December 31, 2013, according to the company.

>> More information on interim results

Wide Bay Australia recorded a consolidated profit for the six months of $7.190 million, up from $5.557 million for the corresponding period to December 31, 2012..

The Board has declared a fully franked dividend of $0.13 per share which will be payable on March 28, 2014.

They have also resolved to reinstate the Company's Dividend Reinvestment Plan for this interim dividend.

"It is always rewarding to see our shareholders benefit from their investment in our company. With a large regional Queensland base, to see money going back to our shareholders ultimately benefits our local community" said managing director Martin Barrett.

Mr Barrett said in accordance with the company's strategic plan, business banking has now commenced origination with Wide Bay Australia Business Bankers based in Mackay, Rockhampton, Gladstone, Bundaberg, the Fraser Coast and the Sunshine Coast.

"Growth in business banking is expected across the second half of the financial year as these products and services are rolled out and promoted in these core markets," he said.

"Our investment in our people, branches and technology is also underway and is further strengthening our offering to new and existing customers."

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