Heartland reaffirms its net-profit guidance

Thu, 13 Oct 2022

Heartland Group Holdings, the owner of Heartland Bank, has affirmed its net-profit guidance.The dual-listed finance company issued guidance to the market this morning, reaffirming its expected net profit of between $109 million to $114 million for the year ending June 30, 2023, excluding any impacts of fair value changes on equity investments held.Heartland gave this guidance when it reported its results in August, but the company said it took a one-off gain in the financial year ended 30 June, 2022, in relation to derivatives that were de-desi...

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