Point of sale finance specialist ThinkSmart will concentrate on its business operations in the United Kingdom, following the sale of its loss-making Australian and New Zealand businesses to FlexiGroup in December.FlexiGroup paid A$43 million for RentSmart, a point of sale finance provider, and fido, a no-interest payment plan.ThinkSmart's business in the UK is based on a long-standing relationship with Dixons, the UK's largest electrical retailer. Yesterday, ThinkSmart reported that the UK business made a profit of $7.8 million in the 12 months to December.The company's chief executive, Keith Jones, said in a media release, "We are working with our partner [Dixons] to refocus, realign, and broaden our offer. Our UK operating costs continue to improve as the business model becomes more efficient."The company made a net profit of $2.3 million in 2013, compared with a loss of $1.4 million in 2012. The turnaround was largely the result of heavy cost-cutting. Total costs fell by $5.8 million.Income was $37.7 million - down five per cent on the previous corresponding period.