FlexiGroup FY profit lift

Company News

FlexiGroup’s Limited (ASX:FXL) cash net profit for the full year has lifted 18 per cent to $72 million.
 
The Board of Directors declared a fully franked final dividend of 7.5 cents per share, up one cent on last year.
 
Managing Director Tarek Robbiati says the growth was helped by a diversified mix and continued expansion in receivables after the purchase of One Credit last year.
 
The group says it’s also signed large accounts such as Dick Smith Electronics who launched interest free cards with Lombard in July.
 
FlexiGroup says its strengthening its business model to become a full-service provider of finance solutions to consumers, retailers and business.

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