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Improving market conditions and robust business activity in the second half of 2009 have raised Homeloans expectations of achieving a significant increase in its net profit after tax (NPAT) result for the half year ended 31 December 2009.
The originator expects to achieve normalised NPAT of between $4.2 million and $4.6 million, a dramatic improvement on the $2.6 million recorded in the previous corresponding period.
According to an ASX announcement, the company said the strong result was due to a continuation of the momentum achieved during the second half of the 2009 financial year.
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Full results for the half year ended 31 December 2009 are expected to be announced on Friday, 19 February 2010.
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