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

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter