mortgage choice sees fy09 net down 40-45pc

Sydney - Tuesday - November 18: (RWE Aust Business News) -
Mortgage Choice (ASX:MOC) expects a profit for FY09 around 40-45 per cent
below the FY08 net profit of $19.3 million.
Managing director Paul Lahiff told the AGM today the company was
performing in line with current market conditions.
He said the factors affecting guidance relate to slowing housing
finance approvals and the change in commission structures announced by
lenders in 2008.
However, the board is confident of the company's continuing
ability to meet the challenges.
Mr Lahiff said new initiatives will concentrate on improving
franchise productivity, diversificiation into directly relevant product
streams and investment in training at the franchisee level.