HOMELOANS Limited has recorded a net profit after tax of $2.27 million for the six months to December 2007 – up 230% over $0.685 million the previous corresponding period.
As a result, the company has declared an interim dividend of 2 cents per share, franked to 30%.
The result reflected an increase in net interest income of 49%, bringing it to $7.60 million, whilst net fee and commission income also increased by 48% to $5.89 million.
Homeloans’ managing director Brian Jones said the company continues to grow both organically and by selective acquisition.
“With substantial funds on deposit, in excess of $45 million, the board believes the company is well placed to take advantage of consolidation opportunities in the financial sector,” he concluded.
The company’s shares closed unchanged at 53.5 cents due to no trade.
Australian Property Journal
