Investors grow General Finance

Small finance company General Finance says it is currently experiencing a strong demand from those looking to place deposits at higher than bank yields.

Director James Lockie says debenture borrowings increased to 13.4% to $6.47 million in the 12 months to March 31. Pre-tax profit from operating activities for the eyar increased 9.1% to $284,211.

“General Finance achieved measured growth, in both profitability and loan receivables for the year”, Lockie said, “An increase in debenture investments funded the company’s growth.”

General Finance specialises in short term advances, secured over residential property.