Automotive Holdings Group Limited
(ASX:AHG) says it has posted an operating profit of $49.4 million, up 7.3 per cent on last year.
The record result was thanks to outperformance in the automotive division and strong cost controls across the company’s logistics operations.
Recent acquisitions in Newcastle, Perth and Auckland also added to the bottom line.
The company is expecting further growth through targeted acquisitions and the recent appointment of a CEO of the logistics division is expected to refine the business there even further.
Automotive Holdings will pay an increased interim dividend of 9.5 cents per share.
