Published: 26 August 2005
Mike Pero Mortgages has reported a better-than-forecast result in its first full year as a sharemarket listed company despite a slowing housing market.
The company was listed on 24 May 2004, 2 months after Gould Holdings Ltd (George Gould) took a majority stake in it.
Pero made $1.61 million after tax.
Chief executive Jeff Staniland said property sales had slowed from the hectic pace of 2003-04, but values & mortgage sizes hadn’t fallen significantly.
The Christchurch-based company added 5 franchised offices during the year and has 51 mortgage brokers, 41 of them franchise owners. They arranged $1.29 billion of mortgages.
Website: Mike Pero Mortgages
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