Inchcape H1 profits up on stronger revenues
Inchcape
751.50p
16:45 19/11/24
-2.40%
-18.50p
Automotive distributor and retailer Inchcape said first half reported profit before tax rose to £191.7m from £165m.
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0.27%
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Revenues rose to £4.5bn from £3.8bn, while pre-exceptional operating profit increased to £208m from £169.5m.
The group interim dividend was increased by 12.9% to 7.9p a share.
Chief executive Stefan Bomhard said the company expected to deliver “a solid constant currency performance in 2017, modestly ahead of our expectations at the start of the year”.
"Our unique distribution model continues to form the core of our business, generating 73% of group trading profit in H1 and growing 10.7% at constant currency over the period," he added.