LFS 0.65% $1.15 latitude group holdings limited

News: LFS Australia's Latitude Group forecasts lower profit for 2023

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    May 26 (Reuters) - Australia's Latitude Group (LFS) said on Friday it expects to post a fall in fiscal 2023 earnings due to higher credit losses and provisions for costs associated with a recent cyber hack.

    The consumer finance firm expects cash net profit after tax (NPAT) in the range of A$5 million ($3.39 million) to A$10 million for the half year ending June 30. It had reported a cash NPAT of A$93 million a year earlier.

    For the full year, cash NPAT is likely to be in the range of A$15 million to A$25 million. ($1 = 1.4743 Australian dollars)

 
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