SG Fleet posts record $40.5 million net profit
Vehicle fleet management and salary packaging services provider SG Fleet delivered a record 2014-15 result, and in doing so exceeded prospectus forecasts by generating a net profit of $40.5 million, 3.3 per cent ahead of guidance.
Year-on-year growth in revenue and profit was 9.5 per cent and 14.4 per cent respectively. Bell Potter analysts said the result highlighted the strength of the group's competitive position, demonstrating above-market share win rates while increasing margins. This is an important factor as competition heats up in the salary packaging industry.
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