ThinkSmart Ltd posted a record profit in the year 2009. The company reported a growth of 61% in its annual net profit as the company saw a strong growth it its business in Australia.

ThinkSmart has delivered a consistent growth over few years and according to the company officials the company reported a 21% compound annual growth rate over the last 3 years. The management of ThinkSmart is very optimistic for the coming future and expects a good growth for the coming fiscal.

ThinkSmart Ltd, the computer and office equipment financing firm, posted a net profit of A$5.17 million in the year 2009, increasing by 61% while in the previous fiscal the company posted net profit of A$3.21 million.

For the year 2009, the company reported a cash net profit after tax of A$7.5 million, increased by 54% over the FY 2008. EBITDA for the year increased by 8% and was posted A$12.2 million.

"This is a strong result during a globally challenging period, proving the resilience of our product and business model," said ThinkSmart executive chairman Ned Montarello.

For the coming future the company remains optimistic and expecting a 20% growth in EBITDA for the current fiscal of 2010.