Homeloans Limited reported a preliminary net profit after tax of between $4.2m and $4.6m on a normalised basis for the half year ending 31 December.
The figure is a sharp improvement on the previous corresponding period in which the mortgage manager reported $2.6m.
NAB's acquisition of Challenger's mortgage management business last year included a minority stake in Homeloans Ltd.
Related stories:
Quarter percent: Homeloans Ltd matches RBA - Listed mortgage manager Homeloans Ltd has boosted its appeal with borrowers and brokers by increasing its variable interest rate in line with the RBA's 0.25% move.
Full doc sales soar at Homeloans Ltd - Non-bank lender Homeloans Ltd has seen sales of full-doc products soar from 51% to 90% of overall lending in the last financial year following "re-engineering" of its product suite.
Homeloans Ltd profits up 78% - Despite a drop in lending volumes, Homeloans Ltd. achieved a net profit after tax of $7.2m for the last financial year.
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