ThinkSmart (ASX:TSM) profit up 5% in June half

ThinkSmart (ASX:TSM) profit up 5% in June half

Computer and office equipment financing company ThinkSmart (ASX:TSM) has recorded a 5% growth in June-half profit to $2.7 million.

The company said profit growth had been dampened by the strong Australian dollar – excluding exchange rate changes, net profit grew 22%.

But strong demand in Australia – where customer contracts grew by 38% - helped counterbalance forex losses.

CEO Ned Montarello said ThinkSmart was targeting 8-12% growth for the full calendar year.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags financial resultsThinkSmartASX:TSM

Show Comments