Wide Bay Australia yesterday announced a $9.585 million profit for the last six months, an increase of 16.5 per cent compared to the corresponding period of 2007/08.
The Mutual's cost-to-income ratio also increased to 58.1 per cent for the period which compared with 55.3 per cent recorded in the previous period.
Lending for the half was down however at $209 million. This compared to $266 million for the previous corresponding period – resulting in a slight increase in the outstanding loan book.
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