Profit results have kicked the share price along nicely. Plenty...

Profit results have kicked the share price along nicely. Plenty of upside if APE decide to grow their investment in AHE and strong dollar will keep new car prices down and sales volumes up. If car sales fall then prior year vehicle sales support parts and service income. Plenty of room for more growth here for both companies!

Automotive Holdings Group Limited (ASX: AHE), Australia’s largest automotive retailer and specialised logistics group, announces a record Operating1 EBITDA of $153.5 million, up 24.1% on the previous corresponding period (pcp). The Operating1 EBITDA margin of 3.92% was also an increase on the pcp with the Group delivering a record Operating1 Net Profit After Tax (NPAT) of $64.1 million, from revenue of $3.92 billion.
Statutory NPAT was $50.6 million after an impairment adjustment of $9.7 million and acquisition-related costs of $3.8 million (net of tax).
Operating1 Earnings per Share were 24.7 cents (22.7 cents pcp) and the directors have declared a final dividend of 11 cents per share, bringing the full year dividend to 18 cents fully franked (17 cents pcp).