OzForex Group boosts H1 profit

Company News

OzForex Group Limited (ASX:OFX) sees growth ahead after boosting its interim net profit on the back of strong active client and transaction growth. 
 
The online foreign exchange group increased its net profit by 26 per cent to almost $12 million in the first half of the 2015 financial year. 
 
Over the six months to the end of September OzForex says it delivered strong revenue, EBITDA and balance sheet and cash flow conversion. 
 
The company also advises its US business moved into maiden profit over the period and the OzForex business is well positioned for future organic and acquisitive growth. 
 
A fully franked interim dividend of 3.5 cents per share has been declared. 

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