RESEND: GFNZ boosts annual profit 61% on widening margins, bigger loan book

Mon, 13 Jun 2016

(Fixes managing director's first name in 3rd graph) By Paul McBeth June 13 (BusinessDesk) - GFNZ Group lifted annual profit 61 percent as the finance company, formerly known as Geneva Finance, grew the size of its loan book while widening margins in a low interest rate environment. Net profit rose to $3.5 million, or 0.73 cents per share, in the 12 months ended March 31, from $2.2 million, or 0.48 cents, a year earlier, the Auckland-based firm said in a statement. That gain was principally from GFNZ's Geneva Financial Services, which...

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