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 30 June 2008 are:
- Net profit after tax of $19.3 million, representing a marginal decrease on the FY2007 result of $19.6 million.
- Loan book stood at $33.27 billion at 30 June 2008, up 12.2% on the $29.64 billion balance in FY2007, and ahead of system growth of 10.1%.
- Total revenue of $161.4 million, up 2.7% on prior corresponding period ($157.1 million).
- Earnings per share stood at 16.4 cents per share compared to 16.6 cents per share in FY2007.
- Generated $11 billion in housing loan approvals during the period to 30 June 2008. This result was marginally down on the prior corresponding period of $11.1 billion.
- The Board has declared a final fully frankeddividend of 8 cents per share taking the total dividends out of FY2008 profits to 14 cents per share, the same as in FY2008.
Note: Unless otherwise stated, all figures quoted are based on AIFRS.