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Company News Summary

FlexiGroup Provides FY2017 Results Media Release

15 Aug 2017  |  08:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY17 Results Media Release

FlexiGroup released its results for the year ending 30 June 2017. Cash Net Profit After Tax (Cash NPAT) from continuing operations was down 4% to $90.3m (FY2016: $94.1m). The Statutory NPAT from continuing operations increased 74% to $87.4m (FY2016: $50.2m). The Group volume from continuing operations for FY2017 grew 54% to $1,949m (FY2016: $1,268m) while closing receivables were up 9% to $2,047m (FY2016: $1,874m). The Board of Directors declared a fully franked final dividend of 3.85c per share bringing the FY2017 total dividend to 7.70c per share (FY2016: 14.5c per share). The Group has an investment plan in FY2018 with a small increase in capex to $28-31m to deliver regulatory, strategic and growth initiatives.

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