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Bluestone reveals 157pc profit increase

Staff Reporter 1 minute read

The Bluestone Group has posted a solid unaudited profit for the six months to December 31 2008 of $5.4 million.

This compared to $2.1 million registered for the same period the year prior.

According to Bluestone the 157 per cent profit increase was a result of careful interest rate management of its mortgage portfolio, a first-time contribution of revenue from its servicing decision and strong cost management.

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Bluestone reveals 157pc profit increase
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