Fleet management and vehicle leasing company, SG Fleet Group Ltd
(ASX:SGF) has reported a $47 million net profit (after tax) for the 2016 financial year.
SG Fleet says its net profit increased by 16.1%, compared to the same period last year.
The company also reported its total revenue rose 23.7% to $212 million, and declared a fully franked final dividend of 7.63 cents per share.
SG Fleet says its results were driven by partly driven by growth in its Australian business. In particular, SG Fleet recently acquired novated car lease company, ‘nlc’ (which increased its market share and widened its customer book), and has been appointed as 1 of 2 fleet management service providers to the NSW Government.
