Southland BS profit
PA Wellington The Southland Building and Investment Society has announced an after-tax profit of $2,039,000 for the six months ended September 30. The result compares with a fullyear result to March 31 of $3,321,000. The society’s president, Mr Fenton Mark, said that over the last 12 months the prime rate had been reduced 4.5 per cent, with the society continuing to offer the lowest residential mortgage rates in the country. A similar result has been projected for the second half ; to March, 1989, with new I mortgages in the current year already in excess of S6SM compared with S6OM at the same time last year. The half-year result coincides with the release of the society’s second prospectus.
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Press, 28 December 1988, Page 24
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120Southland BS profit Press, 28 December 1988, Page 24
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