MORTGAGE Choice's profit growth has slowed.
The company has delivered a profit after tax of $10.6 million for the six months ending December 2007 – up from $10.1 million in the previous corresponding period.
The company’s revenue rose to $85.5 million, compared to $78.4 million in 2006.
As a result, earnings per share were 8.9 cents per share diluted compared to the half year to December 2006 of 8.5 cps.
Net assets as at December 2007 were $53.2 million compared to $52.2 million as at June 2007.
The company’s net cash decreased during the period by $2.9 million compared to the decrease of $2.3 million in the half year ended December 2006. This was after capital expenditure of $0.5 million and dividends of $10.0 million.
Mortgage Choice shares closed 5.5 cents lower at $1.70.
Australian Property Journal
