Key points
- Revenues up 2.1% to $1.37 billion
- Profit after tax down 70.4% to $10.4 million
- Interim dividend of 3.5 cents per share declared
Full summary
Autosports Group Limited has reported its financial results for the half-year ended 31 December 2024. Revenues from ordinary activities increased 2.1% to $1,369,441,000, while profit from ordinary activities after tax attributable to the owners of Autosports Group Limited declined 70.4% to $10,414,000. The profit for the half-year was impacted by other items such as intangible amortisation and acquisition expenses. Excluding these other items, profit before tax was $18,443,000. The company has declared an interim dividend of 3.5 cents per ordinary share, to be paid on 30 May 2025 to eligible shareholders. During the period, Autosports Group acquired the Stillwell Motor Group, representing the BMW, BMW Motorrad, MINI, Volvo, MG and Ducati brands with dealerships in four Victorian locations. The company also acquired the remaining 20% minority shareholding in John Newell Holdings Pty Ltd.
Guidance
Autosports Group has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.