General Finance, a subsidiary of General Capital, has reported strong growth in its quarterly unaudited results for the period ended Dec 31, 2024.
Total assets reached $196.3 million, a 9% increase from the previous quarter.
The company also achieved a 21% rise in net profit after tax, amounting to $925,541.
As of Dec 31, 2024, General Finance held $35.9m in cash, cash equivalents, and bank deposits.
However, its capital ratio decreased to 17.68% from 21.78% due to increased residential lending and the acquisition of Bridges Financial Services.
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