Brief: Heartland Group Holdings Says It Expects Stronger 2H2024 Vs 1H2024

Heartland group

14/12/2023 01:09

Dec 14 (Reuters) - Heartland Group Holdings Ltd
 HGH.NZ :
    * STRONGER 2H2024 THAN FIRST HALF OF FY2024 IS EXPECTED
    * HAS ACHIEVED YTD RECEIVABLES GROWTH OF 4.7%
    * HOPEFUL CHALLENGER BANK ACQUISITION WILL BE COMPLETED BY
31
MARCH 2024
    * CONTINUES TO EXPECT NIM TO IMPROVE IN CALENDAR YEAR 2025
    * HEARTLAND NOW EXPECTS FY2024 NPAT TO BE IN THE RANGE OF
NZ$93
MILLION TO NZ$97 MILLION
    * HAS EXPERIENCED A SLOWER THAN EXPECTED START TO FY2024
    * SEES FY2024 IMPACT ON UNDERLYING NPAT RELATED TO
ACQUISITION OF
CHALLENGER BANK OF A$3.5 MILLION

Source text for Eikon:  ID:nASX8r9jxN 
Further company coverage:  HGH.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))