REPORTING SEASON: FlexiGroup Limited (FXL)
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Figure 1: FlexiGroup Limited 12 month chart
FlexiGroup maintains guidance as first half profit result meets expectations.
Flexigroup (FXL) is a financial services provider whose products include interest free credit cards, vendor finance and commercial leasing, mobile broadband and online & mobile payment services
All business segments contributed to higher earnings, with strong volumes and receivables momentum across all areas compared to the previous period.
A feature of the result was the turnaround in the Consumer and SME Leasing segment, which has shown positive Cash NPAT growth in the first half of the 2015 financial year, the first time since 2011.
FXL is increasingly focused on the digital finance opportunities and considers itself well positioned to become the digital finance leader in Australia and New Zealand.
Fully franked interim dividend of $0.08 per share. The dividend will be paid on April 17 to ordinary shareholders who are on the share registry at 5pm on March 13.
FXL confirms full year Cash NPAT guidance of $90m-$91m.Dividends expected to remain within 50-60% of Cash NPAT.