RECORD PROFIT YEAR FOR NEWCASTLE PERMANENT

The Newcastle Permanent has announced an after-tax net profit of $43.8-million, up 12.4 per cent on the previous year.

It’s the last overseen by CEO Terry Millett, who’s stepping down after a decade at the helm of the 115-year-old financial institution.

“Our customers own the organisation, and we act in the best interest of customers today, tomorrow, and I hope for the next one-hundred-and-fifteen years.” – Terry Millett, Newcastle Permanent CEO

(AUDIO IN PARTS)