RECORD FIRST HALF FOR AP EAGERS

RECORD FIRST HALF FOR AP EAGERS

AP EAGERS (ASX: APE) expects a record net profit before tax of $42 million for the half year ending June 2013.

The figure is an increase of 12.9 per cent on the $37.2 million recorded for the corresponding period in 2012.

A statement released today says the result includes a profit on the sale of property and business assets of $2 million.

Although the result remains subject to further assessment and audit review, the company expects there will be no adjustment to the expected profit result when it is released in late August.

CEO Martin Ward (pictured) told Brisbane Business News earlier this year that he expected the company to perform strongly in 2013.

Martin was unavailable when contacted today.

APE represents all 12 of the top 12 selling vehicle brands in Australia and 30 car brands in total, along with 11 truck/bus brands.

It has 97 dealerships in Queensland, Northern Territory, New South Wales, Victoria and South Australia with more than 3000 staff.

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