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.

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