CMO reports Double-Digit Decline in Revenue

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CMO reports Double-Digit Decline in Revenue

For the year ended 30 June 2020, The Colonial Motor Company Limited (NZX: CMO) reported total revenue of $754.9 million, down by 17% Y-o-Y mainly due to COVID-19 lockdowns in the second half and general easing of the motor vehicle market.

The trading PAT for the year was down by 21% Y-o-Y to $17.3 million and profit for the year attributable to shareholders, was unchanged at $21.8 million. The company has decided to pay a final full year dividend of 32.0 cents per share.


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