Homeloans tips $4.6m interim profit

Perth-based mortgage originator Homeloans expects to nearly double its interim profit on the back of continued momentum that started at the end of the 2009 financial year.

Homeloans said in a statement today that it expects to achieve a normalised net profit after tax of between $4.2 million and $4.6 million, up from the previous corresponding result of $2.6 million.

"This strong result reflects a continuation of the momentum achieved during the second half of the last financial year," it said.

Homeloans will announce its final interim results on February 19.

Shares in Homeloans closed up six cents, or 10.7 per cent, to 62c today.