Eclipx delivers 23% NPAT increase

Company News

by Anna Napoli

Fleet management company Eclipx Group (ASX:ECX) has announced its net profit was up 23 per cent on first half 17 to $39 million for the first half 2018.

In more good news for the company, its net operating income strengthened over the period, and lifted 39 per cent to $159 million.

Its cash earnings per share increased by 4 per cent on the prior corresponding period, to 12.3 cents.

The company declared an interim dividend of 8 cents per share fully franked.

Eclipx has reaffirmed its full year guidance for 27-30 per cent growth in net profit.

Shares in Eclipx (ASX:ECX) closed 0.9 higher to $3.36 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.