From The Australian:
Genworth Mortgage Insurance Australia has urged the Abbott government to adopt the recommendations of the Financial System Inquiry, after reaffirming its full-year growth target and flagging a special dividend for shareholders as part of its interim results.
In the six months to June 30, Genworth (GMA) delivered a net profit of $113.05 million, a 25 per cent decrease on its pro-forma results in the previous corresponding period, due largely to higher losses in parts of Queensland and Western Australia as the economy continues to transition away from resources sector-led growth.
