FlexiGroup has released FY14 results delivering $85 million Cash NPAT an 18% increase on the prior year

FlexiGroup has released FY14 results delivering $85 million Cash NPAT an 18% increase on the prior year. The results represented cash earnings of $.28/share which is a 12% increase on the prior year. The result shows that the company has been able to diversify its' profit pool with $15.7m of Cash NPAT added from new business lines. Flexigroup CEO Tarek Robbiati said, Our M&A strategy is working. Interest Free Cards is the latest example of FlexiGroup's ability to identify impressive growth segments, secure the right opportunities within those segments and rapidly realise value through integration into the Flexi-fold. The Company has declared a fully franked final dividend of 8.5c, up 13% on FY13. Read the full release here: (VIEW LINK)