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Combined Motor Holdings grows full-year revenue, operating profit

3rd May 2023

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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JSE-listed investment holding company Combined Motor Holdings has declared a 240c-a-share dividend for the financial year ended February 28.

Reporting on its financial results for the period, the company notes that the gross dividend payable is R179.52-million and that it will be distributed from income reserves.

Revenue for the financial year increased by 11.3% year-on-year to R12.4-billion, while operating profit increased by 27.6% to R773-million.

Basic earnings a share increased by 18.3% to 592.8c a share, while headline earnings a share increased by 23.2% to 617.1c a share.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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