Heartland New Zealand Limited, which operates in the vehicle finance market mostly under the Marac brand, has announced a net profit after tax of $23.5m for the half year ended 31 December 2014
That result was up a huge 41% on the second half of 2013
The Business and Rural divisions both experienced strong growth, increasing by $80.9m and $44.3m respectively, while consumer lending continued to perform well growing $46.9m.
Impaired asset expense was $5.1m for the Current Reporting Period, up from $3.3m
