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Motor Trade Finance posts annual profit, maintains loan sales

Friday 14th of November 2008
Profit was $3.7 million in the year ended September 30, from a loss of $1.2 million a year earlier, the company said in a statement. Net interest income and fees fell 1.2% to $48.8 million. New loan sales fell to $443 million from $455 million.

“At 97% of the previous year, sales were better than expected, but we can expect volumes to drop significantly in the coming year, as vehicle s...

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