Electrical and white goods rental supplier Thorn Group Limited (ASX:TGA) has released a pleasing picture with its full year result.
The company reported a 16 per cent increase in revenue to $235 million and strong growth in all its business. Radio Rentals was again the company’s stand out performer although increased revenue was also reported at Thorn Financial Services.
The earnings growth did not translate as strongly to a profit result which remained steady at $28.15 million after adding a number of one-off costs. Underlying profit was up 4.5 percent.
A final dividend of 6.5 cents fully franked will be paid on 17th July.
Thorn Group reported a net profit of $13.3 million for its half year result ended 30 September 2013.
