10 August 2012 6:46am

FlexiGroup’s program of diversification over the past three years paid dividends in the 2011/12 financial year, with new businesses contributing the lion’s share of the finance company’s strong earnings growth.

Yesterday, FlexiGroup reported a net profit of A$59 million for the year to June – 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 company’s Flexirent core business, which provides point-of-sale small ticket leases for electronic and household goods, had a flat...