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Colonial Motor posted a 53 per cent rise in first half profit to $4.7 million, compared with a poor first half last year marked by difficult trading.
Revenue rose nearly 14 per cent to $266 million for the six months ended December, largely reflecting a one-off gain, the company said. Directors declared an interim dividend of 11c per share, up from 10c per share a year earlier.
Shares in the NZ-based company, which owns and operates Ford dealerships, last traded on Monday at $3.20.
- NZPA
