Heartland Group Holdings Ltd. ( (DE:73X) ) has shared an update.
Heartland Group Holdings Limited reported a positive trading update for the third quarter ending March 31, 2025, with expectations to achieve a net profit after tax of at least $45 million for the financial year. The company saw an expansion in net interest margin and stable operating expenses, alongside improvements in asset quality, particularly in its Motor Finance portfolio. Growth in reverse mortgages and livestock finance was notable, despite challenges in sectors like forestry and construction. The introduction of new products, such as Village Access Loans, and effective cost management strategies are expected to bolster Heartland’s sustainable growth trajectory.
More about Heartland Group Holdings Ltd.
Heartland Group Holdings Limited operates in the financial services industry, focusing on banking and financial products. Its primary services include motor finance, reverse mortgages, livestock finance, and asset finance, with operations in New Zealand and Australia.
YTD Price Performance: -28.80%
Average Trading Volume: 1,000
Technical Sentiment Signal: Buy
Current Market Cap: €352.3M
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