NZ Automotive Investments Limited (NZAI) has announced its audited financial results for the financial year ending 31 March 2022 (FY22).
Revenue and income was $66.0 million, down $0.1 million from the prior year.
The actual net profit after tax (NPAT) was $2.6 million, down from $3.2 million last year and underlying net profit after tax (NPAT) was $1.7 million, down from $3.8 million last year.
Net operating cashflow (excluding loan book lending) decreased by $6.8 million in FY22.
The Board has approved a final gross dividend of 0.88 cents per share (fully imputed), bringing the full year FY22 gross dividend to 3.1 cps.
This dividend represents a total gross dividend yield for the year of 4.24%.
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