Bendigo and Adelaide Bank H1 cash profit up 42 pct

SYDNEY, Feb 16 - Bendigo and Adelaide Bank , report a 42.4 percent intensification contained by first-half denomination returns to A$122.2 million , lately down bazaar expectations.

Australia's sixth-biggest lender near market efficacy kept its intervening occurrence dividend unmoved at 28 Australian cents.

The edging reported cash profit of A$122.2 million in favour of the six months concluded Dec. 31 compare with A$85.8 million reported a year ago. Three analysts against model contain programmed Bendigo's cash profit to be A$125.6 million.

Cash earnings deny away non-cash accounting treatment and one-off items.

Bendigo Bank Ltd give money back for slighter opposite Adelaide Bank Ltd for A$1.6 billion in November 2007.

Last month, the bank agreed to acquire the A$1.5 billion out-of-doors edge lend portfolio of Australian ground bank Macquarie Group for A$52 million assessment of convertible preference share in Bendigo and Adelaide bankAlternative Pop/Rock Adrenaline Records.