Motor Trade Finance reports lower underlying profit, increased market share

Sun, 21 May 2017

By Rebecca Howard May 22 (BusinessDesk) - Motor Trade Finance reported a 3.4 percent slide in underlying profit but continues to grow market share in a very competitive car lending market. Profit was $4.4 million in the six months ended March 31 from $2.9 million a year earlier, after an unrealised gain on the fair value of financial instruments totalled $600,000 compared to a $1.3 million loss in the same period a year earlier. Underlying profit after tax, which removes the volatility of unrealised fair value movements, decreased 3.4 per...

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