Heartland profits hold in face of Covid
The financier’s annual result is down only slightly despite a $9.6m bad debt provision.
Bank and reverse mortgage specialist Heartland Group has reported a 2.2% drop in profit for the year to June 30.
This includes an extra provision of $9.6 million for potential credit losses as a result of the Covid-19 pandemic.
The financial services group’s net profit after tax was $71.9m,
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