A bit of a struggle - New Zealand based integrated used automotive group NZ Automotive Investments Limited (NZAI / the Company) (NZX:NZA) advises of lower than expected revenue, as a result of lower car, finance and insurance product sales during the December and early January period.
Summary: • Revenue and income of $66.0 million, down $0.1 million from last year
• Actual net profit after tax (NPAT) of $2.6 million down from $3.2 million last year
• Underlying net profit after tax of $1.7 million down from $3.8 million last year
• Net operating cashflow (excluding loan book lending) decreased by $6.8 million
• Underlying earnings per share of 4.0 cps (actual eps 6.0 cps)
• Final gross dividend of 0.88 cents per share bringing full year FY22 gross dividend to 3.1 cps
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