FlexiGroup Limited’s
(ASX:FXL) net profit has fallen 13 per cent to $57.6 million in the 2014 financial year. The diversified financial services company has attributed the result to a number of one-off, non-cash adjustments and already announced integration and deal costs.
CEO Tarek Robbiati says FlexiGroup continues to generate significant cash flows allowing it to reinvest funds to receivables growth, modernising capabilities and increasing dividends.
In the year ahead the company expects to improve its net cash profit to between $90 million and $91 million, from $85 million recorded last year.
A fully-franked final dividend of 8.5 cent per share has been declared, taking the full year payout to 16.5 cent per share.
