Heartland produces higher profit after lower impairment expense
Reverse mortgages continued to be a winning formula on both sides of the Ditch.
Reverse mortgages provided a boost on both sides of the Tasman.
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Profits at listed reverse mortgage provider Heartland Group rebounded strongly following a difficult patch last year with significant impairment charges.
Net profit rose to $48.8 million in the six months ended December, compared with $3.6m last year. The previous result was affected by $50.5m in
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