Motor Trade Finance braces for auto industry disruption with brand refresh; earnings fall

Mon, 20 Nov 2017

By Sophie Boot Nov. 20 (BusinessDesk) - Motor Trade Finance's underlying annual earnings dropped 7.6 percent, despite increasing both sales and its market share, and the lender says it's adapting its brand to face upcoming change in the vehicle market. Net profit rose to $7.5 million in the year ended Sept. 30, from $7.2 million a year earlier, but underlying profit after tax, which removes the volatility of unrealised fair value movements, fell to $7.3 million from $7.9 million in 2016. Sales jumped 36 percent to $567.4 million, whi...

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