AP EAGERS REVS BUSINESS ENGINE WITH RECORD PERFORMANCE

Written on the 26 March 2013 by James Perkins

AP EAGERS REVS BUSINESS ENGINE WITH RECORD PERFORMANCE

THE team at AP Eagers (APE) is getting more performance out of the business engine than any time in the past, reporting record earnings per share and dividends for the 2012 calendar year.

The car sales, property and development business boosted statutory earnings per share by 33 per cent to 34 cents per share, while increasing the fully franked dividend 25 per cent to 13 cents for a full-year dividend of 20 cents – up 56 per cent over two years.

APE also boosted revenue by 10 per cent to $2.64 billion, while profit after tax improved 38 per cent to $55 million compared to the previous calendar year. EBITDA (Earnings before interest, tax, depreciation and amortisation) is up 17 per cent to $115 million.

APE shares were selling at $5.390 per unit this afternoon, up 1.51 per cent on the previous day’s close. The company has close to doubled in value since April last year. Further value was also realised from the 2010 Adtrans acquisition.

Last year’s strategic investment in Automotive Holdings Group (AHG) has returned a big profit for the company. It cost $138 million and has a current market value of $196 million.

APE management has released a statement putting the improved performance down to widespread operational improvements.

Management has been contacted for comment.


Author: James Perkins Connect via: Twitter LinkedIn

Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter