Kontiki Finance records 84% increase in profit
April 16, 2019 9:15 am
Kontiki Finance Limited recorded an increase of eighty-four percent in its profit for the nine months ending on March 31st.
The net profit recorded after tax is $6. 92m whereas the Group’s profit for the same period last year was $3.75m
Group earnings per share for the first nine months is 7.6 cents per share, up from 4.6 cents per share in the same period previous year.
Net operating income is $17.480m, compared with $11.779m for the same period last year.
Chair Daryl Tarte says the Group’s loan receivables grew well in the nine months.
Tarte says it is pleasing to note that in a tight funding market the Group’s liquidity grew by 33% to $66.7m on the back of strong term deposit inflows.