Autosports Group Limited (ASX:ASG) Reports Half-Year Results and Announces Dividend
Financial Performance
Autosports Group Limited reported a 2.1% increase in revenue for the half-year ended 31 December 2024, reaching $1.369 billion. However, profit from ordinary activities after tax attributable to shareholders decreased by 70.4% to $10.414 million.
Dividends Declared
The company declared a fully franked interim dividend of 3.5 cents per ordinary share on 20 February 2025, to be paid on 30 May 2025. Additionally, a final dividend of 8.0 cents per ordinary share was paid on 15 November 2024.
Acquisitions
On 1 October 2024, through its subsidiary ASG Investment Holdings Pty Ltd, Autosports Group acquired 100% of B S Stillwell Motor Group Pty Ltd for $57.9 million, expanding its presence in the Victorian market with BMW, MINI, Volvo, MG, and Ducati brands.
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