The country s biggest car dealership group has reinstated and more than doubled its final dividend as it emerges from COVID-19 and another year of sluggish new car sales. Eagers Automotive shareholders will receive 25c per share, up from 11.25c in 2019, after the company returned to the black with a $156.2m net profit for the 12 months to December, up from a $139.6m loss in the prior year. The result comes as the company s chief executive Martin Ward announced he was transitioning into a new advisory role, paving the way for chief operations officer Keith Thornton to take the reins as CEO. The move came into effect on Wednesday.
The country s biggest car dealership group has reinstated and more than doubled its final dividend as it emerges from COVID-19 and another year of sluggish new car sales. Eagers Automotive shareholders will receive 25c per share, up from 11.25c in 2019, after the company returned to the black with a $156.2m net profit for the 12 months to December, up from a $139.6m loss in the prior year. The result comes as the company s chief executive Martin Ward announced he was transitioning into a new advisory role, paving the way for chief operations officer Keith Thornton to take the reins as CEO. The move came into effect on Wednesday.
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