Appendix 4D Preliminary Half Year Report 31 December 2006 by lindahy

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Appendix 4D Preliminary Half Year Report 31 December 2006

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									                                                                           Group Office
                                                                           Level 7
                                                                           182-186 Blues Point Road
                                                                           North Sydney NSW 2060
                                                                           Telephone: 02 8907 0444
                                                                           Facsimile: 02 9922 1258
                                                                           www.mortgagechoice.com.au

Established 1992




                                         Appendix 4D
                                 Preliminary Half Year Report
                                      31 December 2006


                   Lodged with the ASX under Listing Rule 4.2A on 21 February 2007




              Contents                                                 Page

              Results for announcement to market                       2
              Discussion and analysis of the financial statements      2




              Reporting Period
              This report covers the half year period from 1 July 2006 to 31 December 2006. The
              previous corresponding period was the half year from 1 July 2005 to 31 December 2005.




                                                                                                      1
                           Results for announcement to market


Comparison to previous corresponding period

                                                 To 2005              Actual
                                                                 31 December 2006
                                                    % change            A$’000

Revenue from ordinary activities         up              12.4%   to             78,434


Profit from ordinary activities after    up              12.2%   to             10,102
tax attributable to members

Net profit for the period attributable   up              12.2%   to             10,102
to members




NTA Backing
                                           December 2005              December 2006

Net tangible asset backing per                   38.1 cents             39.7 cents
ordinary share



Dividends

Details of dividends/distributions declared or paid during or subsequent to the half-year ended 31 December
2006 are as follows:

    Payment date           Type       Amount           Total        Franked            Foreign sourced
                                        per          dividend      amount per        dividend amount per
                                      security                       security              security
15 September 2006         Final     7.5 cents       $8,819,000   7.5 cents                     -


A fully franked interim dividend of 5.5 cents in respect of the first half profit to 31 December 2006 was declared
on 21 February 2007 and is expected to be paid on 19 March 2007. The record date for determining
entitlement to this dividend will be 2 March 2007.

Discussion and analysis of financial results

Both revenue at $78.4 million (2005 $69.8 million) and profit after tax at $10.1 million (2005 $9.0 million) were
above the previous corresponding period.

Earnings per share were 8.6 cents per share (diluted 8.5 cps) compared to the half year to December 2005 of
7.7 cps.

Net assets as at 31 December 2006 were $49.0 million compared to $47.5 million as at 30 June 2006.

Net cash decreased during the period by $2.3 million compared to $3.2 million in the half year ended 31
December 2005. This was after capital expenditure of $0.4 million and dividends of $8.8 million.




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