General Capital Subsidiary General Finance Market Update

Wednesday 24th April 2024

General Capital (GEN:NZ) subsidiary General Finance update

General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 31 March 2024 to the Disclose Register.

The unaudited quarterly report shows that General Finance’s business has continued to grow with total assets of $155m, up by 6.7% from 31 December 2023 and a quarterly NPAT of $884k up 35.6% from the previous quarter.

Mr. Brent King, Managing Director, explained that this report is required as General Finance Limited holds a Non-bank Deposit Taker licence and the reporting is a requirement of the Financial Markets Conduct Act 2013.

“It has been another very positive quarter for General Finance and we look forward to releasing our full year audited results at the end of May 2024.” said Mr King.

The information can be found at www.disclose-register.companiesoffice.govt.nz.

ENDS

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