Flexigroup posts 6% rise in profit

Company News


Flexigroup Limited (ASX:FXL) has announced a 6 per cent increase in full year NPAT to $90.1 million and announced a dividend of 17.75 cents. 
 
Revenue was up 5 per cent to $1.1 billion on the back of strong growth in its New Zealand business as well as repeat business. 
 
Flexigroup says its transformation program is now placed well to improve conditions in its SME and Enterprise lease businesses. 
 
The search for a new CEO is progressing well with Flexigroup receiving strong interest in the position. 
 
Looking ahead FlexiGroup is forecasting a cash profit of between $92 million and $94 million for the 2016 financial year. 

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