The Thorn Group, the financial services company behind Radio Rentals, has lifted its annual profit and expects a further boost from government tax breaks for small businesses.

Thorn lifted its profit about 9 percent to $30.6 million in the year to March 31, with the result aided by the group’s acquisition of business lender cash Resources Australia.

Today, Radio Rentals remains the largest contributor to the group’s earnings, with revenue improving 25.1 percent to $246.2 million.

The group says it will continue to look for more acquisitions and expects its Thorn Equipment Finance business will benefit from tax cuts and asset write-offs announced in the government’s May budget.