Heartland sees flat profit in 2013, announces special dividend

Fri, 30 Nov 2012

By Paul McBeth Nov. 30 (BusinessDesk) - Heartland New Zealand, which expects to hear back on its banking licence application before Christmas, sees flat profit in the 2013 financial year, and has announced a pre-Christmas special dividend. The Auckland-based lender told shareholders net profit will probably be between $21 million and $24 million in the year ending June 30, 1013 at today's annual meeting. That compares to annual profit of $23.6 million in the 2012 year. That profitability represents a 45 percent to 66 percent improvement in...

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