Colonial reports profit slump amid tough recession
Listed car dealer says second half wasn’t as depressed as previously indicated.
Net profit slumped 25% to $6.9m in the half year.
Listed car dealer Colonial Motor Co has reported a weaker profit amid the economic slump.
Its net profit in the six months ended December was down 25% to $6.9 million, while revenue was up 2.6% to $508m, compared with the previous year.
The board declared an unchanged interim dividend of 15 cents per
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