05:27 PM EDT, 08/08/2024 (MT Newswires) -- goeasy (GSY.TO) on Thursday reported a higher second-quarter adjusted profit on record revenue and revised its three year outlook.

The consumer-finance company said its adjusted profit, excluding most one-time items, rose 27% to $71 million, or $4.10 per diluted share, in the period, up from $56 million, or $3.28 per diluted share, in the year-prior quarter. The result beat the consensus analyst estimate for the measure of $4.02 per share, according to Capital IQ.

Revenue rose 25% to $378 million from $303 million, prompted by growth in consumer loans.

The company revised its three-year outlook, originally released in February. It now expects revenue of $1.5 - $1.6 billion in 2024, $1.6 - $1.8 billion in 2025 and $1.75 - $1.95 billion in 2026.

"During the quarter we were proud to serve a record number of new customers at over 48,000, while producing record loan growth of $286 million, highlighting the critical role we play in providing everyday Canadians with access to credit," said Jason Mullins, President and Chief Executive Officer, "With the accelerated growth experienced in the first half of the year, we have revised our three year forecast, including increasing our loan growth, revenues and operating margins."

A quarterly dividend of $1.17 per share payable on October 11, was declared by the company's board.

goeasy shares closed up $8.42 to $194.98 on the Toronto Stock Exchange.