ThinkSmart lifts 2009 profit 54% to $7.5m

ThinkSmart lifts 2009 profit 54% to $7.5m

Computer equipment financing company ThinkSmart (ASX:TSM) has raised its full-year net profit 54% to $7.5 million, on the strength of its booming Australian operations.

The company’s Australian business lifted its ebitda 61%, compared to a mere 5% growth for its UK operations.

ThinkSmart said it was targeting 20% ebitda growth this year, and was off to a good start in January after the Australian launch of extensions to its RentSuite finance product.

But ThinkSmart added that it expects to accrue the majority of its earnings during the second half of its financial year.

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Tags ICTfinancial resultsfinancingThinkSmart

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