UPDATE: Heartland shares gain as annual profit lifts 9% on lending growth

Thu, 15 Aug 2019

(Adds share movement to lead and updates price in 4th paragraph, includes profit guidance in 9th paragraph) By Jenny Ruth Aug. 15 (BusinessDesk) - Heartland Group was the only stock to gain on the S&P/NZX50 Index after it lifted annual net profit 9 percent amid growth in its reverse mortgages, motor and business lending divisions. Net profit for the 12 months ended June 30 rose to $73.6 million from $67.5 million the previous year. Lending growth overall rose 10.7 percent, or by 424.8 million, before foreign exchange adjustments wit...

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