We held our quarterly Investor lunch in Townsville on Friday 16th May at the Rydges Southbank Convention Centre in Palmer Street where the 2014 March Quarter Performance Report was released.
The lunch was very well patronised with just over 100 people in attendance, with roughly half on those attending being potential investors which was very encouraging for me and my fellow Directors. I gave a short speech providing a brief history of Investors Central / Finance One along with an update of our current business environment. Afterwards I fielded several questions from the floor which proved satisfying for me in that I was able to engage with the audience and address their respective points.
It is pleasing to report that Finance One continues with strong sustainable growth. The March 2014 Quarter , in terms of new loans written, was the strongest quarter in the company’s history and as a consequence our loan book today is just over $20M. After 9 months trading the Nett Profit before tax is $1.37M.
The company is optimistic for trading through the June Quarter and expects to be in a position to release the 2013 – 14 Annual Report at another investor lunch meeting in September 2014.
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