FlexiGroup profits rise

Company News

FlexiGroup Limited (ASX:FXL) has posted a first half cash profit of $39 million, up 20 per cent on the same period a year ago.
 
Managing director and CEO Tarek Robbiati says the result has been driven by its business diversification strategy.
 
Mr Robbiati says the company’s purchase of Thinksmart’s Australian and New Zealand assets is expected to drive growth in fiscal 2015.
 
Flexigroup reaffirmed full year guidance of between 17 and 19 per cent growth of $84 to $86 million.
 
The board declared an interim dividend of 8 cents per share. 

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