11 March 2003 12:00am

Discount retailer The Warehouse says that its two year old financial services joint venture with Westpac is performing well, but won't go into the details. The Warehouse yesterday reported a decline in operating profit for the half year to December 2002.

Bruce Gordon, chairman of The Warehouse Financial Services, said, "We no longer provide specific numbers. Its fair to say the business is growing.

"It came into profit within the first year, and continues to provide a profit contribution to the shareholders. We've maintained our position relative to our three credit...