Brisbane-based Super Auto Group (SUL) will pay a higher dividend after a solid, but unspectacular performance in the six months to December.
The retailer told the ASX this morning interim dividend was being lifted 8.1% to 20 cents a share after reporting earnings of $58.9 million, which were down 2.2% on a year earlier.
Net profit attributable to shareholders jumped 33% to $44.9 million with the company’s auto division (Super Cheap Auto) reporting a solid 10.5% rise in earnings before interest and taxon a 6.1% lift in sales.
Total revenue rose jumped 6% to $1.216 billion in the half.
Total EBIT eased $1 million to $93.1 million in the latest half year.
The sports division (Rebel) saw a 7.2% lift in sales and a 9.5% rise in ebit.
The Leisure chains saw a 4.1% rise in sales in the half year, but a 40% slide in EBIT on higher sourcing and other costs.
