Mortgage News
ASB profit and home loan market share jumps
Thursday 30th of March 2006
Westpac’s net profit fell 6% to $169 million in the three months compared the same quarter with a year earlier as its tax bill jumped 67.3% to $82 million from $49 million.Westpac says the structured finance transactions challenged in an Inland Revenue Department audit of the 1999 to 2002 tax years have now been completely unwound.
Westpac’s share of the mortgage market remained ste...
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