Dorchester shares jump on improved profit guidance

Thu, 21 Mar 2013

By Kristen Paterson March 21 (BusinessDesk) - Dorchester Pacific lifted its profit guidance for this year and next on a better-than-expected contribution from newly acquired EC Credit Control and better returns from finance and insurance. Its shares jumped 7.1 percent. The Auckland based savings, insurance and loans company said profit in the year ending March 31 will be $1.2 million to $1.3 million, up from the $1 million it forecast with its first-half results in November. Profit in 2014 would be $5 million to $6 million, up from the earli...

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