Heartland sees cash in a crisis

Mon, 30 Nov 2020

Heartland Group Holdings' net profit for the four months ended October is tracking ahead of expectations, but the company is maintaining its full-year guidance because of the uncertainty about the impact of the coronavirus crisis.Net profit for the four months was $29.9 million and full-year guidance is a net result of $83 million to $85 million.However, a reassessment of Harmoney's fair value following its float in Australia may boost the actual result."Given the current uncertainties, we have decided to give shareholders an updat...

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