FlexiGroupís program of diversification over the past three years paid dividends in the 2011/12 financial year, with new businesses contributing the lionís share of the finance companyís strong earnings growth.
Yesterday, FlexiGroup reported a net profit of A$59 million for the year to June Ė an increase of 14 per cent over the previous year.
The company made a 24 per cent return on equity and increased its dividend by 19 per cent.
The companyís Flexirent core business, which provides point-of-sale small ticket leases for electronic and household goods, had a flat...
You have to be logged in to read this article. Sign in below, or subscribe now for free no obligation trial.