Video: Marac Finance has posted a 5% increase in annual net profit
26th Aug 08, 4:42pm
by
Marac Finance has posted a 5% increase in annual net profit to NZ$25.9 million despite a quintupling of provisions for loan losses from extremely low levels.
Like fellow diversified financier South Canterbury Finance, Marac Finance has a BBB minus investment grade credit rating from Standard and Poor's.
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