The Colonial Motor Company Limited has reported a record trading profit after tax of $18.0m for the six months ended 31 December 2021, an increase of 42% from the prior year equivalent period.
The Board has declared a fully imputed interim dividend of 15 cents per share, to be paid on 28 March.
Despite disruptions to the supply chain, the motor vehicle industry has recovered to an all-time record of 165,287 vehicles registered, with strong demand seen for utility vehicles as buyers endeavour to secure vehicles before prices rise.
Significant property redevelopments are now complete, with further upgrade developments underway.
The Group is well prepared to enter an uncertain 2022, with CEO Alex Gibbons and the Management Team performing well.
The Annual Meeting has been moved to Friday, 11 November.
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