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Mortgage Choice eyes profit growth

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Home loans broker Mortgage Choice expects to increase its profit this financial year amid Australia's housing boom.

Chief executive Michael Russell says loan approvals rose 12.5 per cent to $3.3 billion in the first quarter of the 2014/15 financial year.

In notes prepared for his presentation to shareholders at the company's annual meeting on Wednesday, Mr Russell said he expects growth in cash profits this year.

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Home loans broker looks to capitalise on Australian housing boom after strong first quarter.

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Companies: ASX Listed


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