Money3 Corporation has consolidated its position as one of the country's leading integrated automotive and payday lenders after boosting its bottom line profit by 10 per cent in the 12 months to the end of June.The Melbourne-based alternative lender posted a record net profit of A$32 million on the back of a surge in car lending, which now accounts for more than 80 per cent of the company's loan activities.Money 3 shareholders will collect a final dividend of five cents per share, bringing the full year franked payout to 9.5 cents.The company has deliberately pursued a strategy of reducing its exposure to small amount credit contracts since the Australian Securities and Investments Commission announced a crackdown on the sector five years ago.Payday loans now account for about 9 per cent of loan receivables compared to 13 per cent in 2017.Continued earnings growth and the de-risking of the company's lending book in the last year have been rewarded by investors who have driven up the share price by more than 60 per cent.Managing director Scott Baldwin said he expected further growth in secured auto lending in the current year."The growth in secured automotive receivables was a pleasing result given available funding," he said."With $96 million of funding headroom available to business and strong application growth we anticipate good growth in secured loan receivables again this year."The strategic transformation of Money 3 has enabled it to outperform market rival Cash Converters International on most valuation metrics in the last three years.Cash Converters yesterday announced a 9.1 per cent increase in full year profit to $22.5 million.The composition of the result was mixed, with the earnings growth driven in most part by franchise operations in the UK, which generated an 84 per cent increase in profit.Cash Converters is also eyeing growth in the auto lending market through its wholly owned subsidiary, Green Light Auto.The auto business posted a maiden profit of $2.4 million and now accounts for 24 per cent of the company's loan book compared to only 3 per cent two years ago.The group bottom line was undermined by lower returns from the company's network of 69 proprietary stores.Operating earnings generated by the proprietary stores fell 10 per cent as changes in the way loan applicants are assessed caused lending activity to slide.While the result is confirmation of the company's return to growth, the sudden departure of CEO Mark Reid appears to have spooked some investors.The share price closed down almost 3 per cent as investors searched for explanations of Reid's sudden resignation on the day of the profit announcement.Regulatory factors continued to weigh on Cash Converters' performance in 2018, with the company investing heavily in a new loan assessment platform during the year."The company has undergone a significant transformation over the past two years and the financial year 2018 resulted in the finalisation of a number of legacy challenges," the directors stated in press release."This year's financial and operational results show that Cash Converters has taken a determined approach to turning