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Bridgecorp Half-Year Results

Published: Thu 24 Mar 2005 09:11 AM
Bridgecorp Half-Year Results
Bridgecorp Limited wishes to advise that December 2004 financial data released last week included a mis-classification of certain assets. In a note to the financial statements, $54.1 million of loans outstanding were classified as third mortgages. The correct amount should have been $29.1 million.
First and second mortgage secured loans were $198.8 million and $249.5 million respectively.
These changes have no effect on the previously reported profit after tax of $7.3 million for the half year to 31 December - up 176%.
A correction will be made immediately and the company's financial statements will be re-filed with the Companies Office.

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