Mortgage Choice boost FY estimates

Company News

Mortgage Choice Limited (ASX:MOC) has increased estimates for its full year cash earnings by about 16.5 per cent above last year’s result.
 
Shares in the mortgage broker and loans assessor jumped almost 5 per cent yesterday on the news.
 
The optimism follows strong half year results and continued strength in housing demand.
 
Core revenue for the company is expected to be up by over 8 per cent which would represent the third successive year of revenue growth for the company.
 
Mortgage Choice reported a net profit of $11 million in the first half of the 2014 financial year.