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Record profit for Automotive Holdings

  1. xme

    143 Posts.

    http://technicality.me/2015/02/14/company-review-automotive-holdings-group-ahe/

    It is Australia’s largest automotive retailing and logistics group. It owns 167 franchisees, and is also Australia’s largest refrigerated logistics provider. It has acquired Scott’s, JAT, and NSW car dealership Bradstreet Motor Group. Features from 1H 2015 profit result (from Company announcement 13/02/2015) http://www.asx.com.au/asx/research/company.do#!/AHE
    • The Record Statutory Net Profit After Tax for the half-year was $45 million (up 17.4% on pcp)
    • Record Group Revenue of $2.57 billion (up 10.6% on pcp)
    • Record Operating EBITDA of $104.1 million (up17.6% on pcp)
    • Statutory EPS 14.7 cents (unchanged on capital base)
    • Increased interim dividend of 9 cents/ share.
    AHE is benefitting from low interest rates and the low oil price. Debt:Equity level is high however.

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