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MARAC Finance reinvestment rate rises
Wednesday 27th of August 2008
Net profit rose to $25.9 million in the 12 months ended June 30, the company said in a statement. Operating costs to net income crept up to 37%, it said.
MARAC has managed to avoid the worst pitfalls of dwindling liquidity that has caused more than 20 rivals to fail or suspend payments. This month it established a $300 million facility through its securitisation program and negotiated an $80...
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