Automotive Holdings' HY profit falls 19.8%

Automotive Holdings Group has left its interim dividend unchanged after its half-year profit slumped 19.8 per cent despite a jump in revenue.

Retailer and logistics firm Automotive Holdings Group's first-half net profit has tumbled 19.8 per cent to $38.6 million on the back of Western Australia's economic downturn and a loss in its refrigerated logistics division.

The company said revenue jumped 7.6 per cent to $2.96 billion in the six months to December 31.

Automotive Holdings will pay an interim dividend of 9.5 cents per share, unchanged.


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Source: AAP


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Automotive Holdings' HY profit falls 19.8% | SBS News