Motor Trade Finance lifts annual net profit 9.3%

Jenny Ruth
Mon, 26 Nov 2018

By Jenny Ruth Nov. 26 (BusinessDesk) - Motor Trade Finance lifted annual net profit 9.3 percent on solid lending growth but says it was a game of two halves. “After a record-breaking 2017, the first half of the year continued strongly. Demand for the non-recourse product, introduced in 2016 in conjunction with Oxford Finance, dropped in April after tighter underwriting criteria was introduced in order to improve credit quality,” MTF says in a statement. Net profit for the year ended September rose to $8.2 million from $7.5 million the...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.