Eclipx profit up 15% in line with expectations

Company News

by Jessica Amir

Sales financing company, Eclipx Group (ASX:ECX) reported a 15 per cent rise in net profit for the year ending 30 September 2018, taking its NPAT to $62.2 million.

The growth came on the back of growth in all segments with GraysOnline NPATA rising 30 per cent and group results being in with revised guidance.

Its revenue also strengthened over the period, rising 26 per cent to $758 million.

Its total dividend per share rose 5 per cent in FY18 to 16 cents per share.

Also in FY18 it also announced the proposed merger with McMillian Shakespeare (ASX:MMS)

Shares in Eclipx Group (ASX:ECX) are trading 1.52 per cent lower to $2.59
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.