FSA Group is investing heavily in anticipation of growth and the risks are manageable.
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The problem with FSA Group isnt that net profit fell 17% to $5.8m in the six months to December. Thats actually a pretty good sign, as well explain below.
The issue isnt even that customer numbers fell at its Services division. FSA provides debt and personal insolvency agreements, and this is as counter-cyclical an operation as youll find. The 6% decline in debt agreements was consistent with the overall market decline, which suggests it isnt a company-specific problem the general economy is just in better shape than t…
Read the full article at: https://www.intelligentinvestor.com.au/fsa-group-interim-result-2016-1795746