Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RHG market entry rumours re-ignited

Staff Reporter 3 minute read

By: Staff Reporter

RHG has posted a significant jump in profits after winning a one off tax benefit.

Yesterday, RHG revised its profit guidance to between $86 and $96 million – up from the $65 to $75 million the business was expecting.

The company announced the increase in profit after it received a contingent income tax benefit of $21.2 million from the Taxation Office.

Advertisement
Advertisement

But despite the profit surge, investors are still divided on the prospects of RHG making a return to the market.

There were whispers back in February that RHG was considering a return.

But the company refused to be drawn on the speculation.

A spokesperson for RHG told The Adviser earlier this year that the company would “consider its options in the future”.

“We wouldn’t rule anything out just yet,” the spokesperson said.

PROMOTED CONTENT


RHG market entry rumours re-ignited
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB