Combined Motor Holdings

Revenue increased by 8%, mainly due to vehicle price hikes. Gross profit margins fell from 19.7% to 19.2%. Selling and administration expenses rose by 7%, with employee costs limited to a 1% increase. The operating margin was 5.5%, down from 6.1% in 2022. Reduced pre-tax profit was partially offset by a lower tax rate, resulting in a 13% decline in headline earnings per share. A dividend of 146c was declared.
Click here to read the SENS