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FlexiGroup Provides Full Year 2020 Trading Update

31 Jul 2020  |  09:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FXL - Full Year 2020 Trading Update

FlexiGroup provided a trading update in relation to its unaudited financial results for the year ended 30 June 2020 (FY 2020). It continues to demonstrate momentum by processing transaction volumes of $2.5bn across its continuing products in FY 2020, up 16% on FY 2019. Based on unaudited accounts, it expects to report Cash NPAT for FY 2020 of $29m. This includes a macro overlay provision of $31m (post tax). This forward-looking provision relates to the projected impact of economic conditions due to COVID-19.

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