Factoring and discounting turnover powers towards A$11bn
Factoring and discounting made further strong ground in the December quarter 2005 with quarterly turnover powering towards a record A$11 billion. Quarter four turnover totalled A$10.84 billion, 19% ahead the Q4 2004 figure and 12% above the September quarter 2005 level. Annual turnover for the 2005 calendar year was A$37.3 billion – 3.4 times the turnover in year 2000, according to figures revealed in the December 2005 Quarter Index of the Institute for Factors and Discounters of Australia and New Zealand (IFD). IFD chairman Peter Langham said there were significant new sectors driving the industry’s growth. "Traditionally manufacturing and wholesale sectors were the foundation origins of our indust
All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
