CUA predicts more growth
Chris Whitehead CREDIT Union Australia Ltd ( CUA) has reported an eight per rise in first half net profit and forecast further growth. CUA said its unaudited net profit in the six months to December 31 was $ 21.6 million, up from $ 20 million in the previous corresponding period. The company wrote more than $ 1 billion in new loans in the first half, while deposits grew by 7.7 per cent to $ 5.34 billion, it said. The first half profit growth was modest as investments were being made to drive company growth, chief executive Chris Whitehead said yesterday.