LONDON Motoring group AA (AAAA.L) posted a full-year core profit of 403 million pounds on Tuesday, steady from the previous year and in line with expectations, supported by growth in new business. Operating profit fell 4.4 percent to 284 million pounds. The group's trading revenue rose 1.6 percent to 940 million pounds, below 953 million forecast. AA said it would pay a final dividend of 9.3 pence per share, up 3.3 percent from a year earlier. AA, which offers roadside recovery and motor insurance services, saw a 14 percent growth in new business volume for the year ending Jan. 31, 2017, it said in a trading statement.
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LONDON, March 28 Motoring group AA posted a full-year core profit of 403 million pounds ($505.5 million) on Tuesday, steady from the previous year and in line with expectations, supported by growth in new business. The group's trading revenue rose 1.6 percent to 940 million pounds, below 953 million forecast. Operating profit fell 4.4 percent, however, to 284 million pounds. Trading earnings before interest, tax, depreciation and amortisation was up 0.2 percent from a year earlier and in line with 403 million pounds forecast on Thomson Reuters I/B/E/S. AA said it would pay a final dividend of 9.3 pence per share, up 3.3 percent from a year earlier.
LONDON (Reuters) – Motoring group AA posted a full-year core profit of 403 million pounds ($505.5 million) on Tuesday, steady from the previous year and in line with expectations, supported by growth in new business. The group's trading revenue rose 1.6 percent to 940 million pounds, below 953 million forecast. Operating profit fell 4.4 percent, however, to 284 million pounds. Trading earnings before interest, tax, depreciation and amortisation was up 0.2 percent from a year earlier and in line with 403 million pounds forecast on Thomson Reuters I/B/E/S. AA said it would pay a final dividend of 9.3 pence per share, up 3.3 percent from a year earlier.
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AA full-year core profit steady, new business up
LONDON, March 28 Motoring group AA posted a full-year core profit of 403 million pounds ($505.5 million) on Tuesday, steady from the previous year and in line with expectations, supported by growth in new business. The group's trading revenue rose 1.6 percent to 940 million pounds, below 953 million forecast. Operating profit fell 4.4 percent, however, to 284 million pounds. Trading earnings before interest, tax, depreciation and amortisation was up 0.2 percent from a year earlier and in line with 403 million pounds forecast on Thomson Reuters I/B/E/S. AA said it would pay a final dividend of 9.3 pence per share, up 3.3 percent from a year earlier.
LONDON (Reuters) – Motoring group AA
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