Financial performance
Mortgage Choice was listed on the Australian Stock Exchange in August 2004 (ASX sign: MOC). Key financial milestones for the 12-month period to 31 December 2007 are:
- Record net profit after tax of $10.6 million up 5% on the prior corresponding period to 31 December 2006 ($8.6 million up 2% AGAAP#).
- Total revenue of $85.5 million, up 9% on prior corresponding period ($76.5 million up 11% AGAAP).
- Earnings per share stood at 9.0 cents per share (7.3 cents per share AGAAP) compared to 8.6 cents per share (7.1 cents per share AGAAP) for the prior corresponding period.
- Mortgage Choice generated $5.9 billion in housing loan approvals during the period to 31 December 2007. This result was up on the prior corresponding period of $5.5 billion.
- The Board has declared a first half fully frankeddividend of 6.0 cents per share compared to 5.5 cents per share in the prior corresponding period.
- Mortgage Choice’s loan book now stands at $31.6 billion at 31 December 2007, up 14% on the balance in the prior corresponding period.
RESULTS SUMMARIES: