RHG full-year profit falls

By a staff reporter

Home loan provider RHG Ltd posted a fall in full-year profit and said it expects future years' profits to be materially lower as its mortgage book is now closed. 

The group's net profit attributable to members fell 25.5 per cent to $30.3 million in fiscal 2013, from $40.7 million in the prior year.

Its revenue dropped 19.7 per cent to $59.6 million in the year, compared with $74.2 million in the previous corresponding period.

RHG has not declared a final dividend.

During the financial year it paid one dividend of 10 cents per share on October 15 2012, and another of 9 cents per share on April 10 2013, for a total payout of 19 cents.