MARINER Financial has provided an early profit guidance and expects to deliver no less than $21.6 million for the year to June 30 2007.
The expected result is an increase from $15.9 million for year to June 30 2006.
The company’s net profit after tax is expected to be no less than $16.5 million in the 2007 financial year, compared to NPAT of $10.2 million in the previous year.
Mariner said the company derived higher fee income this year as a result of two public raisings as well as fees from its assets under management which grew 20% over the six months to June 30 2007 to $1.2 billion.
Australian Property Journal
