AHG profit in line with expectations

Company News

by Carolyn Herbert

Automotive Holdings Group (ASX:AHG) has announced its operating net profit of $43.9 million for H1 2017 was in line with the company’s trading update at its AGM in November.

The result is down 11.3 per cent on the previous corresponding period.

Operating EBITDA came in at $108.1 million, compared to $112.4 million for the same half last year.

The automotive and logistics group says while it did see broad based growth across its brands, it does acknowledge a downturn in the Western Australian economy.

AHG maintained an interim dividend of 9.5 cents per share fully franked.

 

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