The FlexiGroup Limited (ASX: FXL) share price fell as much as 17% today despite the company announcing profit and revenue growth in its most recent half-year reporting period.

For the year ended 31 December 2015, FlexiGroup reported revenue growth of 6.1% to $176.6 million and a profit of $41.4 million, up 7.5% on the prior corresponding period.

Pleasingly, the board declared an interim fully franked dividend of 7.25 cents per share, in line with last year’s payment.

“New Zealand Leasing delivered standout volume and receivables growth, with Cash NPAT growth of 63%, driven by the realisation of synergies from recent acquisitions and low impairment rates,” FlexiGroup Chief Financial Officer, David Stevens, said.

All but the company’s Australia Leasing business reported operating profit growth, with the company’s Interest Free Cards business increasing profit 23% year over year.

“Our Interest Free Cards business also delivered double digit Cash NPAT growth, with customer card spend up 37% and a number of new retail relationships signed,” Mr Stevens added.

Looking ahead, the company is targeting cash net profit between $92 million and $94 million, excluding profit from the recent F&P Finance acquisition. Moreover, the board has not changed its dividend policy from a targeted payout level between 50% and 60% of profit.

Our top stock pick - free

Our expert analysts recently hand-picked their top technology stock idea for 2016. Best of all: their top stock pick of 2016 is yours free! Just click here, enter your email address, and we'll send you their research report. No credit card details or payment required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool writer/analyst Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.