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Heartland does it tough, narrows profit forecast

Monday 28th of November 2011

The forecast is well up on the $7.1 million it reported for the year ended June this year, which included the costs of merging Marac Finance, CBS Canterbury and Southern Cross Building Society which created Heartland.

However, it is down from the $20 million to $24 million Heartland forecast in August.

The company, which aims to become a bank, says it expects first-half profit wil...

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