Revenue ($m) 198.9, down 6.8pc from year-earlier 213.4
Pre-tax profit ($m) 87.3 v 98.0
Net profit ($m) 61.1 v 66.6
Interim dividend 25c v 22c, payable on April 21
Carsales chief executive Cameron McIntyre said COVID-19 logistical challenges are squeezing fresh supply of new cars worldwide, but strong demand from buyers avoiding public transport and taking more road trips means interest across all the company’s sites remains high.
Operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased 9 per cent to $113.8 million in the six months ended December 31, despite sales falling 6.8 per cent to $199 million.
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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter.
