Lloyds Banking FY15 Pre-tax Profit Declines - Quick Facts

(RTTNews) - Lloyds Banking Group plc (LLOY.L, LYG) reported that its fiscal 2015 statutory profit before tax declined 7 percent to 1.64 billion pounds from 1.76 billion pounds in the prior year.

Profit for the year declined 36 percent to 956 million pounds from 1.50 billion pounds in the previous year. Earnings per share were 0.8 pence, compared to 1.7 pence last year.

However, the Group's underlying profit increased by 5 percent to 8.11 billion pounds. Underlying earnings per share was 8.5 pence, compared to 8.1 pence last year.

Net interest income rose 5 percent to 11.48 billion pounds from 10.98 billion pounds a year ago, reflecting margin improvement. Total income for the period was 17.64 billion pounds, up 1 percent from last year.

Looking ahead to fiscal 2016, Lloyds Banking said its net interest margin for the full year now expected to increase to around 2.70 percent.

Lloyds' board has recommended a final ordinary dividend of 1.5 pence per share, making a total ordinary dividend for the year of 2.25 pence per share. In addition, the board has recommended a capital distribution in the form of a special dividend of 0.5 pence per share.