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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.
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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.
Full results for the half year ended 31 December 2009 are expected to be announced on Friday, 19 February 2010.
