Challenger profit jumps 48%, dividend up 11%

Challenger Limited's statutory net profit after tax surged 48% to A$192 million, while normalised profit rose 9% to A$456 million. The full-year dividend increased 11% to 29.5 cents per share, fully franked.

Director Masahiko Kobayashi resigned following MS&AD's equity sale to TAL Dai-ichi Life Australia, which now holds a 19.9% stake.