August 8, 2018 / 10:13 PM / 4 months ago

Australia's Suncorp Group annual profit falls 1.5 pct

Aug 9 (Reuters) - Australia’s second largest general insurer Suncorp Group Ltd posted a 1.5 percent fall in annual profit on Thursday, hurt by rising costs.

Net profit fell to A$1.06 billion for the year ended June 30, from A$1.08 billion a year ago.

Revenue dipped 11.2 percent to A$15.45 billion.

Reporting by Aditya Soni in Bengaluru Editing by Byron Kaye in Sydney and Chris Reese

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