FlexiGroup first-half cash profit climbs 4pc to $44.3m

Leasing and credit card issuer FlexiGroup has reported a 2016 first-half cash profit rise of 4 per cent to $44.3 million and confirmed full-year cash earnings guidance of between $92 million and $94 million.

FlexiGroup acting chief executive David Stevens says big revenue falls in its leasing arm are being reversed and expects strong interest in solar batteries to boost the earnings of its biggest business, Certegy.

On Wednesday, the equipment financier and credit card issuer reported a 4 per cent rise in 2016 first-half cash profit to $44.3 million and confirmed full-year cash earnings guidance of $92 million to $94 million.

Source: FlexiGroup first-half cash profit climbs 4pc to $44.3m