Heartland's underlying first-half profit up 16.2%

Heartland's underlying first-half profit up 16.2%
Heartland chief executive Jeff Greenslade emphasised the shift towards higher-quality lending. (Image: Supplied)
Jenny Ruth
Heartland Group said its first-half net profit was up 2.4% although the underlying result was up 16.2%, with the bottom line dragged down by fair value losses, including on the stake in Harmoney.Net profit for the six months ended December rose to $48.7 million from $47.5m in the same six months a year earlier.The company held its first-half dividend steady at 5.5 cents per share and reiterated guidance that the second half will be similar to the first, and full-year net profit should come in between $109m and $114m, excluding fair value moveme...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025