The six months ended 31 August 2006 represented a period of buoyant economic conditions and increased prosperity for the country. These conditions promoted the continuation of strong demand for motor vehicles, after a record-breaking 2005. Given the ever-increasing base off which current results are measured, the group managed to increase revenue by 58.09% to R4.38 million (R2.77 million). Net profit attributable to shareholders increased by 42.61% to R80 965 (R56 774) while headline earnings per share increased by 39.65% to 380.4c (272.4c). The retail motor segment benefited from the strong economy and recorded a 42% growth. The businesses acquired last year have been bedded down and are producing sound results.
Dividend
An interim dividend (number 39) of 53.0cps was declared.
Prospects
It is expected that economic trading conditions during the second half of the financial year will not be as favourable as those during the period under review. The group has a track record of successful trading during tougher conditions and the directors are confident that a satisfactory level of earnings growth will be achieved and that the full year results will be in line with shareholders' expectations.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
