Heartland full-year profit rises 34%, led by household lending, 2016 guidance affirmed

Mon, 17 Aug 2015

By Jonathan Underhill Aug. 18 (BusinessDesk) - Heartland New Zealand, the Auckland-based lender, posted a 34 percent gain in full-year profit on growth in income from retail and consumer lending, and affirmed its guidance for further earnings growth in 2016. Net profit rose to $48.2 million, or 10 cents a share, in the 12 months ended June 30, from $36 million, or 9 cents, a year earlier, the lender said in a statement. Revenue from ordinary activities rose 18 percent to $144.8 million. Heartland is targeting expansion through niche m...

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