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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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