Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business.
The diversified business reported a 38.4 per cent drop in net profit to $55.5 million for the 12 months to June, but grew revenue by 8 per cent to $6.08 billion.
Operating earnings before interest, tax, depreciation and amortisation (Ebitda) was down 4.2 per cent to $216 million.
The company also declared a final dividend of 9.5 cents a share, taking its full-year payout to 19 cents, fully franked.
In a statement, managing director John McConnell said the lower profit result followed one-off costs associated with restructuring the groups refrigerated logisti…
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