Mortgage Choice Limited today announced a 14 percent increase in net profit after tax from its nationwide franchise network of Mortgage Choice brokers.
Mortgage Choice’s result continues the trend of franchise businesses posting good returns in the last financial year, with The Athlete’s Foot announcing strong returns on Monday. Mortgage Choice posted a net profit after tax on a cash basis of $14.8 million, $1.8 million higher than the previous year or up 14 percent.
Mortgage Choice CEO Michael Russell believed the fast recovery in net profit for the mortgage broker was due to the franchisor’s DREAM restructuring execution.
