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FINANCIAL SERVICES FIRM INDUE SET TO RAMP UP BUSINESS.
SYDNEY, Oct 2 Asia Pulse - Unlisted financial services company Indue Ltd said customers of its cards business will produce good levels of transactional activity over the next 24 to 36 months.
The company reported a $A1.92 million ($US1.43 million) profit and declared a fully franked dividend of $38.
The dividend payment includes an ordinary dividend of $12 and special dividend of $26 per share.
Indue currently has 18 credit card clients, which account for 41.9 per cent of total revenue.
"We expect these portfolios to generate good levels of transactional activity over the next 24 to 36 months as they start to mature," Indue said.
"This is an important product aimed at the business segment and hence, we expect it will open up new markets for our payment cards."
Indue chairman Mike Ahern said last year's profit continued to cement the strength and quality of the company's earning streams and the sustainability of ...
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