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BRIEF-Flexigroup Says Cash NPAT For H1 2019 Expected To Be $32 Mln

Published 05/02/2019, 10:08 am
Updated 05/02/2019, 10:10 am
© Reuters.  BRIEF-Flexigroup Says Cash NPAT For H1 2019 Expected To Be $32 Mln

Feb 5 (Reuters) - Flexigroup Ltd FXL.AX :

* CASH NPAT FOR FIRST HALF OF 2019 IS EXPECTED TO BE $32 MILLION, 3% HIGHER THAN PRIOR COMPARABLE PERIOD ON AN UNDERLYING BASIS

* NOW EXPECTS FY2019 CASH NET PROFIT AFTER TAX TO BE IN RANGE OF $76 MILLION- $80 MILLION

* FLEXIGROUP HAS TAKEN DECISION TO PROVISION FOR $12M AFTER TAX

* FLEXIGROUP - WHILE THERE IS IMPROVEMENT IN ARREARS IN AU CARDS BUSINESS, IMPROVEMENT IS OCCURRING AT A SLOWER THAN FORECAST RATE

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