Resimac Group Ltd (ASX:RMC) see net profit lift 85%

Company News

by Rachael Jones

Non-bank mortgage lender Resimac Group Ltd (ASX:RMC) today announced a normalised net profit of $26.9 million for the 6 months to 31 December 2019, up 85 per cent on the previous corresponding period (pcp).

Statutory NPAT of $27.2 million increased 44 per cent on the pcp.

Mr Scott McWilliam, Resimac Chief Executive Officer said the organisation successfully achieved home loan portfolio growth significantly above system while starting to realise the benefits of its investment in process improvement and digital automation.

The Board declared a fully franked interim dividend of 1.2 cents per share, up 20 per cent on the pcp.

Shares in Resimac Group Ltd (ASX:RMC) are trading 6.1 per cent higher at $1.57.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.