Tag: Finance

Mortgage Choice Limited today announced a 14 percent increase in net profit after tax from its nationwide franchise network of Mortgage Choice brokers.

It’s been a busy few weeks in the Azure Group offices. Unusual for most accountants, but for us, it’s a time when our tax team and accounts teams combine to work on reconciling our client’s accounts, record year-end tax journals as well as collecting and collating compliance files for our clients.

Direct Factory Outlet (DFO) will be split up store by store and sold off to repay almost $1 billion owed to banks after development of the DFO South Wharf outlet stalled when cash dried up.

Australian surfwear brand Billabong has suffered terribly as a result of the appreciation of the Australian dollar, with international sales up, but profit down 4.5 percent.

Overcharging by telecommunications companies is rife, according to a draft discussion paper Hidden Overcharging in Telecommunications which seeks comment as to how to overcome overcharging in the industry.

Direct Factory Outlets’ (DFO) failed South Wharf complex in Melbourne will see the insolvency firm KordaMentha called in as receivers for DFO owners Austexx as early as this afternoon.

Shopping centre manager and developer Lend Lease delivered an increase in profits of 5.2 percent to $323.6 million for the year ending 30 June as the company fills out its development pipeline.

MYOB, has released its latest online accounting software solution, MYOB LiveAccounts, for Australian businesses that need to raise invoices, track expenses and manage income.

National Australia Bank’s plans to acquire AXA Asia Pacific Holdings Ltd and AXA SA continue to move closer to fruition, with the ACCC seeking ‘market consultation’ over the proposal.

National Australia Bank has announced unaudited cash earnings for the June quarter of approximately $1.1 billion, consistent with previous quarters for NAB.