TSM 0.00% 35.5¢ thinksmart limited

News: ThinkSmart says future looks bright

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    ThinkSmart Limited (ASX:TSM)has appointed a new CEO and reaffirmed earnings guidance.

     

    The financing solutions company says Keith Jones will take the reins in February next year to replace current CEO Ned Montarello, who will remain executive chairman.

     

    ThinkSmart also confirmed full year earnings will be in line with previous guidance and profit growth will likely continue in fiscal 2014.

     

    The company says fully franked final dividends will also recommence in 2014.

     

    Mr Montarello says the Australian business is expected to report its first profit in a six-month reporting period for two years.

     

    ThinkSmart generated a net profit of $678,000 in the first half of its 2013 financial year.
 
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Currently unlisted public company.

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