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Heartland's 2012 profit to be boosted by tax law change

Thursday 18th of August 2011

The company has previously forecast net profit for the year ending June 2012 will be between $20 million and $24 million following the acquisition of PGG Wrightson Finance.

This will be boosted by a deferred tax benefit which results from a retrospective law change just enacted by Parliament, Heartland says.

"This bill (the Taxation [tax Administration and Remedial Matters] Bill)...

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