The Rock Building Society Ltd is forecasting an up to 22 per cent rise in full year profit, after refining its earnings guidance.
The Rockhampton, Queensland based group says its unaudited accounts for 2007/08 point to a net profit of $4.4 million to $4.5 million.
This would be at the upper end of its earlier guidance for a result between $4.2 million and $4.5 million.
"This result represents an improvement of 20 per cent to 22 per cent over the previous financial year," The Rock said on Friday.
"It reflects the growth of The Rock's loan portfolio during the last two years, and the successful management of significantly increased wholesale funding costs caused by the continuing dislocation in financial markets."
Its shares last traded at $2.85.