Eagers Automotive Posts Mixed Half-Year Results

Eagers Automotive Limited (AU:APE) has released an update.

Eagers Automotive Limited has reported a 13.4% increase in revenues, amounting to $5,464,203 for the first half of the year, although the company’s net profit has taken a downturn, falling 18.0% to $123,422. Despite the rise in revenue, net profit attributable to members also dropped by 15.8% to $116,020, while dividends maintained a steady payout of 24.0 cents per share. Additionally, the company’s net tangible asset backing per security decreased from the previous year, now standing at $1.77.

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