Heartland on track to meeting FY earnings target with $8.5 mln profit in 1Q

Fri, 01 Nov 2013

By Paul McBeth Nov. 1 (BusinessDesk) - Heartland New Zealand, the bank formed from the merger of Canterbury and Southern Cross building societies and Marac Finance, says it’s on track to meeting its annual earnings target at the end of the first quarter. The lender reported profit of $8.5 million in the three months ended Sept. 30, putting it on track to meet annual forecast guidance of between $34 million and $37 million, chief executive Jeff Greenslade told shareholders at today’s annual meeting in Christchurch, according to speech notes...

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