New Zealand business news website reports that the Chairman, Ash Waugh, announced a new record Trading Profit after Tax for the 30 June 2022 financial year of $33.35m, surpassing the previous record of $27.92m by 19%.
A fully imputed dividend of 47 cps will be paid on Monday, 3 October 2022, with a record date of Friday, 23 September, taking the total dividend for the year to a record 62 cps, 61% of the Trading Profit after Tax.
Mr Waugh commented that registrations for the seven months to July 2022 had softened relative to 2021 and supply, particularly for EVs, remains constrained, taking its toll on consumer confidence.
The Board has appointed John Hutchinson, CEO of the Group subsidiary, Hutchinson Motors Limited in Christchurch, as a director with effect from 1 September.
See more
