MTF's core annual profit falls after loan product withdrawn

Unrealised fair value gains boosted Motor Trade Finance's annual net profit 38 percent but underlying profit was down 8.6 percent, reflecting the withdrawal of its non-recourse lending product. MTF's net profit for the year ended September rose to $11.1 million from $8.1 million the previous year... 

Read the full story at BusinessDesk 

https://businessdesk.co.nz/article/mtfs-core-annual-profit-falls-after-loan-product-withdrawn

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

AFT - Chief Financial Officer update
KMD Brands: Response to Stokehouse transaction concept
March 24th Morning Report
MCY - Mercury launches retail Green Bond offer
Fonterra delivers another strong result for HY26
March 23th Morning Report
Devon Funds Morning Note - 18 March 2026
TRA - Turners updates earnings guidance
March 18th Morning Report
MCY - Mercury opens $220m geothermal expansion