Geneva Finance has announced that their after-tax profit for the first half of 2023 is expected to be between 17.0% and 19.5% lower than the previous year.
The pre-tax profit is also expected to be down between 13.0% and 15.5%.
The decrease in profit is attributed to increased cost of funds and one-time relocation costs.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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