Homeloans Limited
(ASX:HOM) says it has lifted own brand loan settlements by 13.2 per cent and declared a final dividend of 2 cents per share fully franked.
CEO, Scott McWilliam said it is a solid full year result in light of intense competition. Lending volumes were growing but market pressures impacted on margins with the company achieving earnings of $6.3 million compared to $6.7 million the previous year.
The outlook is for further strong settlements volume with growth in the eastern states. Homeloans plans to grow and diversify the business into 2015.
Homeloans reported net profit of $3.4 million for the half year to 31 December 2013.
