Eclipx Group Ltd
(ASX:ECX), a vehicle financing and management company, has announced its full year results for FY16.
Eclipx reported a cash net profit after tax and amortisation of $55.3 million. This is a 14% increase over the FY15 net profit result.
The company says this result was due to favourable economic conditions, as well as its strong performance in large corporate and government segments. Eclipx also says that it was helped by its continued diversification into the consumer market through its acquisition of Right2Drive, an accident replacement vehicle company.
The company declared a fully franked final dividend of 7 cents per share, with a record date of 30 December, and its FY17 net profit guidance is between $65.5 and $67 million.
