UDC: On track for sale
UDC Finance says its half-year profit of $30.2 million positions it well for new ownership.
Tuesday, 6 June 2017
It reported net profit growth of 11% compared to the same period the previous financial year, driven by low provision charges and lending growth across a range of industries.
“We’re well positioned as we move into a new period of HNA Group ownership, which will bring more growth and investment to UDC," said chief executive Wayne Percival.
“UDC is experiencing growth in lending to vital sectors including transportation, construction and forestry.
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