Heartland focused on securing Australian licence

Heartland CFO Andrew Dixson. (Image: Heartland)

Tue, 29 Aug 2023

Heartland Group Holdings is focused on securing its Australian licence to be an authorised deposit-taking institution as it draws tantalisingly close to the $100 million profitability mark. The New Zealand stock exchange-listed bank and Australian financial services firm reported a net profit of $95.9m in the 12 months ended June 30, up from $95.1m a year earlier, on a 17.7% increase in net operating income at $285.3m. Operating costs rose a more modest 11.3% to $128.1m. Underlying profit, which strips out one-off impacts such as acqu...

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