FlexiGroup Result as Soft as Expected; Meeting Bullish Fiscal 2018 Guidance Is a Big Ask
Flexigroup's fiscal 2016 cash net profit after tax increased 8% to AUD 97 million, in line with guidance given in May 2016. The underlying result is not as flash as the bottom line suggests: Excluding the newly acquired Fisher & Paykel business, cash NPAT fell 2.7%.Fiscal 2017 guidance of AUD 100 million has been lowered to AUD 90 million-AUD 97 million. Management expects underlying NPAT in fiscal 2017 of AUD 99 million-AUD 106 million, with investments into a new partnership with Flight ...
Flexigroup is a financial services group providing no interest ever, leasing, vendor finance programs, interest free and Visa / Mastercards, managed print services, lay-by and other payment solutions to consumers and businesses. Co.'s business areas include: no interest ever products and cheque guarantee services; the interest free cards business, which provides personal finance products; the Australia leasing business, which provides leasing products throughkey partners; the New Zealand leasing business, which provides leasing products primarily to small and medium sized businesses and the education sector; and the New Zealand cards business, which provides non-bank consumer credit.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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