Colonial Motors says uncertainty keyword heading into 2H

Thu, 23 Feb 2023

Colonial Motors, the listed motor vehicle distributor, said its first-half net profit was down 21% on the year and revenue slid 6.5%.The company said net profit attributable to shareholders was $14.3 million in the six months to Dec 31, 2022. Revenue from continuing operations was $501m, down 6.5%.The prior period, however, had been a record across all revenue and profit measures.The company’s major trading operations remain in good shape, with motor vehicles, heavy trucks and tractor dealerships all contributing to delivering a very soun...

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