BUSINESSDESK: Colonial Motor Co, which owns Ford Motor and Mazda dealerships, said the second half didn’t pan out quite as badly had it had feared when it posted a 64% surge in first-half earnings in February.
At the time of the bumper first-half result, the company said it “did not expect the result for the next six months to be as good”.
The company today said trading in the second half of the year “has been better than we anticipated when we made this comment”.
The shares last traded at $3.15 and have climbed 21% this year.
The company will announce its full-year results on August 22.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- David Seymour says the government is hypocritical to believe EVs are next big thing but also need help
- Tech investment commentator Ben Kepes slams GeoOp
- In his Editor’s Insight, Nevil Gibson reports on a conference to reduce air traffic congestion in Asia-Pacific
- Hamish McNicol talks about arm’s length dealings with offshore FSPR ratbags
- Still hope for TPP insists trade expert Stephen Jacobi