Bit of a price drop before results tomorrow.
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Bit of a price drop before results tomorrow.
Bad day for HMY is a bad day for HGH?
All that translation into Te Reo that we absolutely "love" takes a bit of extra time ;)
Heartland announces full year NPAT of $87.0 million - NZX, New Zealand’s Exchange
Heartland announces full year NPAT of $87.0 million
24/8/2021, 9:33 amFLLYRNZX/ASX release
Heartland announces full year NPAT of $87.0 million (or $87.9 million on an underlying basis after removing the impacts of one-offs)
24 August 2021
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce a net profit after tax (NPAT) of $87.0 million for the financial year ended 30 June 2021 (FY2021), an increase of $15.1 million (20.9%) compared with the financial year ended 30 June 2020 (FY2020).
On an underlying basis, FY2021 NPAT was $87.9 million, an increase of $11.0 million (14.3%) compared with the FY2020 underlying NPAT.
Highlights for FY2021
‒ NPAT of $87.0 million, up 20.9% ($15.1 million). Underlying NPAT of $87.9 million, up 14.3% ($11.0 million) on FY2020 underlying NPAT.
‒ One-off items had a $0.8 million net impact on NPAT, consisting of $4.1 million of one-off net gains and $6.9 million of one-off expenses (net of tax).
‒ Gross finance receivables (Receivables) of $5.0 billion, up 7.9% ($368.5 million).
‒ Return on equity (ROE) of 11.9%, up 144 basis points (bps).
‒ Net interest margin (NIM) of 4.35%, up 2 bps.
‒ Net interest income (NII) of $233.5 million, up 7.8%.
‒ Cost to income (CTI) ratio of 46.8%, up 1.5 percentage points (pps). Underlying CTI ratio of 44.8%, down 0.1 pps, and CTI ratio of 43.9% for the second half of FY2021 (2H2021).
‒ Impairment expense as a percentage of average receivables decreased from 0.65% in FY2020 to 0.31% in FY2021.
‒ FY2021 final dividend of 7.0 cents per share (cps), taking FY2021 total dividend to 11.0 cps – an increase of 4.0 cps from FY2020 due to the easing of restrictions imposed by the Reserve Bank of New Zealand (RBNZ) on distributions by banks in New Zealand.
‒ Earnings per share (EPS) of 14.9 cps, up 2.4 cps.
‒ Heartland Bank Limited (Heartland Bank) remains one of two Australasian banks to have no reduction or adverse change to its ratings or outlook by Fitch Ratings since January 2020.
‒ Further digitalisation and continuous integration of product applications and platforms in New Zealand and Australia.
‒ New Zealand Reverse Mortgages awarded Consumer Trusted Accreditation (fourth consecutive year).
‒ Australian Reverse Mortgages awarded Your Magazine’s 5-Star Lender Award and InfoChoice’s Best Reverse Mortgage Award.
‒ Heartland Bank awarded Canstar Savings Bank of the Year 2021 (fourth consecutive year), and 5-Star Ratings for Outstanding Value for its Direct Call and YouChoose accounts.
‒ Heartland Bank became the National Foundation for Deaf and Hard of Hearing’s first Hearing Accredited Workplace.
See the attachments to this release, including the FY21 Results Release for further information.
- Ends -
Jeff will manage F22 profit to $97m (even though he says $93m to $96m)
That's all what matters
Yet another a stunning result. The numbers I always look at with most interest are all looking good:
- Return on equity (ROE) of 11.9%, up 144 basis points (bps).
- Net interest margin (NIM) of 4.35%, up 2 bps.
- FY2021 final dividend of 7.0 cents per share (cps), taking FY2021 total
dividend to 11.0 cps
Is there a potential capital raising to fund the purchase of the Harmoney escrow shares that get released on Sep 1?
More than I expected in a nice way .
Initially I expected the lockdown would result in a fall in SP but happily I think I am going to be proved wrong !
In the last week I have really started using online delivery and would happily not go out shopping again to a supermarket-had a nice delivery to the door this morning from petdirect-significantly cheaper than supermarket