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Hanover looks to boost profit 20%

Friday 14th of July 2006
Hanover chairman Greg Muir says that any shakeout of marginal finance companies will be to the benefit of well managed and well governed finance companies.

He says the largest of the group’s four finance companies, Hanover Finance, is likely to post a 20% increase in before tax operating profit for the year to June 2006 representing profit before tax of $55 million (unaudited).

“While the...

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