MTF's core annual profit falls after loan product withdrawn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https://businessdesk.co.nz/article/mtfs-core-annual-profit-falls-after-loan-product-withdrawn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

NZ dollar rises on CPI data, capped by virus fears
U.S. Auto Tariffs Still Option If Protectionism Stays, Ross Says
Stocks Edge Higher With Virus Fallout in Focus: Markets Wrap
24th January 2020 Morning Report
Australia’s Unemployment Rate Unexpectedly Falls to 5.1% in December
Cannasouth appoints experienced new CFO
Technology Shares Climb on Tax Accord, Oil Tumbles
23rd January 2020 Morning Report
NZ dollar falls as coronavirus spreads beyond China
Cash is trash, hold some gold