Automotive Holdings Group is continuing on a path of expansion after it agreed to acquire Coventry Group's WA automotive parts distribution business and Adelaide-based freight business, Harris Refrigerated Transport.
Automotive Holdings Group has posted a $60.3 million 2010 financial year profit, up 150 per cent on last year, and its Rand Transport logistics division has flagged a 2012 expansion into Western Australia.
West Perth-based Automotive Holdings Group has swung to a record net profit after tax of $33.6 million for the six months to December 31 2009, after improved market conditions with an increase in demand in the new and used vehicle markets.
Automotive Holdings Group Ltd has announced a record interim net profit for the half year to December 2007 of $23.7 million from continuing operations, an increase of 110 per cent on the previous corresponding period.
Automotive Holdings Group Ltd has announced a strong start to the 2008 financial year, posting unaudited revenue of $1.14 billion for the four months to October 31 2007, up 89.7 per cent on revenue from the corresponding period in 2006-07.
Automotive Holdings Group Ltd will take over the importation and distribution for KTM Sportmotorcycles in New Zealand from August 1, representing a significant growth opportunity for the group.
IN a significant expansion of its automotive retail division, Automotive Holdings Group Limited has taken on the Hino Truck dealership at Dandenong, Victoria.
