Eclipx Group Limited
(ASX:ECX) says its net profit after tax before acquired amortization (NPATA) rose 20% to $31.2 million for the first half of the 2017 financial year.
It also announced it will buy 100% of the shares in Australia’s largest eCommence firm, Grays Ecommerce Group
(ASX:GEG) which runs graysonline.com.
The vehicle fleet management company’s net operating revenue rose 28% to $114.9 million, while its cash EPS firmed 9% higher to 11.8 cents per share.
Eclipx Group says the stronger results stem from the continued strength in the vehicle market which is supported by Australia and New Zealand’s growing populations.
Shares in Eclipx Group Limited
(ASX:ECX) last traded at $3.80.
