Colonial Motor Co reports a 5.2% dip in 1H profit

By Rebecca Howard Feb. 21 (BusinessDesk) -  Colonial Motor Co reported a 5.2 percent drop in first half profit and while it was guardedly positive about the immediate future it signaled several risks. The company said profit fell to $10.5 million in the six months to Dec. 31 from $11.1 million in the same period a year earlier as trading revenue dipped 0.3 percent to $437.46 million. While net profit was down, its trading profit after tax - which does not include the fair value revaluation of property, deferred tax on property deprecia...