GFNZ returns to profit
GFNZ, formerly known as Geneva Finance, has returned to profitability.
Monday, 15 June 2015
The group reported an after-tax profit of $2.2 million for the year to March 31.\
Its before tax profit was $1.5 million
It follows a loss of $4.2 million in the previous year.
Key drivers were increased lending volumes, up 61%, and a focus on assert quality. Lending delivered 43% growth.
The group said the focus now that profitability had been achieved was on growth in core lending, insurance and debt collection.
It wants to grow its market share, optimise its insurance business potential and source new debt business.
Comments from our readers
No comments yet
Sign In to add your comment
Weekly Updates including news and commentary
Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
21 June 2017
6 June 2017
4 May 2017
10 April 2017
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2017. Tarawera Publishing Ltd. All Rights Reserved.