Feltex Finance profit 72 p.c. up
The tax-paid profit of Feltex Finance. Ltd. increased 72 per cent to $519,000 for the six months ended December 31, 1982. This compared with $302,000 for the same period in 1981. The chairman. Mr Graham Callan said strong public support of the company's “ seventh and eighth debenture issues had allowed total deposits to increase by $6 million during the six months. Debenture borrowings at December 31 from 6919 investors amounted to $29 million. Mr Callan said that the result during a period of trading in a totally regulated finance market, was particularly satisfying. The increased liquidity in the finance market since December had resulted in an easing of interest rates, particularly in the shorter maturities. Mr Callan indicated that the company's current issue would be closing two months early, fully oversubscribed, and that ’ Feltex Finance Ltd's ninth prospectus was due to be issued on February 25.
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Press, 18 February 1983, Page 12
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152Feltex Finance profit 72 p.c. up Press, 18 February 1983, Page 12
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