SG Fleet profit rises 35% to $26.6M

Company News

by David Chau

SG Fleet Group (ASX:SGF) reported its NPAT rose 35% to $26.6 million in 1H17.

The fleet management company earned revenue totalling $133.6 million during this period, which was a 43.2% increase over the prior corresponding period.

The company also experienced a 30.8% boost to its earnings per share, totalling 10.53 cps.

SG Fleet declared a fully franked interim dividend of 7.536 cps per share, which is 44.3% higher than the previous interim dividend.

The company has increased its FY17 underlying NPATA growth guidance to between 22% and 27%.
 

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