MyState Limited Reports Audited Consolidated Earnings Results for the Half Year Ended December 31, 2018; Provides Earnings Guidance for the Year 2019
February 21, 2019 at 10:02 pm
Share
MyState Limited reported audited consolidated earnings results for the half year ended December 31, 2018. For the half year, the company reported net interest income of AUD 44,208,000 against AUD 45,771,000 a year ago. Total operating income was AUD 60,728,000 against AUD 62,665,000 a year ago. Profit for the period was AUD 14,364,000 against AUD 15,792,000 a year ago. Basic earnings per share was 15.87 cents against 17.56 cents a year ago.
For the full year 2019, the company's net profit after tax is expected to be around AUD 30 million or 3% to 5% below financial year 2018.
MyState Limited provides banking, trustee and managed fund products and services through its wholly owned subsidiaries, MyState Bank Limited (MyState Bank) and TPT Wealth Limited (TPT Wealth). MyState Bank delivers home lending, savings and transactional banking solutions through digital and branch channels, an Australia-based contact center, mobile lenders and mortgage brokers. TPT Wealth delivers asset management and trustee services through relationship managers, digital channels and an Australia-based estate planning, trust administration and support team. The Company's segments include Banking division and Wealth Management division. The Banking division's product offerings include lending, encompassing home loans, personal, overdraft, line of credit and commercial products, transactional savings accounts, fixed term deposits and insurance products. The Wealth Management division is a provider of fund management and trustee services. It operates predominantly within Tasmania.
MYSTATE LIMITED 
