Guidance update

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PO Box 6159 Level 6 Telephone 04 384-9734 E-mail cmc@colmotor.co.nz
Wellington 6141 57 Courtenay Place Facsimile 04 801-7279 Website www.colmotor.co.nz
NEW ZEALAND Wellington 6011 DX SP21009







2 February 2021





GUIDANCE UPDATE

At the Annual Meeting in November, we stated that the first quarter of this financial
year, July to September, had started on a positive note. Despite a 2% drop in overall
revenue, trading profit was up on the previous year. We further stated that if it carried
on then the half year would be ahead of last year.

Early results for the six months to 31 December indicate a revenue rise of over 4%,
almost all of which is attributable to a much stronger December than the prior year.
Trading Profit after tax for the six months is expected to be materially ahead of the
same period in 2019 and 2018.

Subject to completion of the half year accounting and related audit review processes
and subsequent consideration and approval by the Board, the Half Year Report is
expected to be released by the 18
th
of February.


On behalf of the Board
J P Gibbons
Chairman