Colonial’s profits rising

Colonial Motor Company is predicting a further increase to its half-year profit after a stronger-than-anticipated end to 2025.

The business announced to the NZX on December 17 that its anticipated trading profit before tax for the six months to December 31, 2025, would be at least 20 per cent ahead of the comparative period a year earlier.

Ash Waugh, chairman, issued a fresh update to the market on January 28 on behalf of the company’s board.

“Following a stronger than anticipated December result, that guidance can be increased to a trading profit before tax for the half year to be at least 30 per cent ahead of the previous comparative six months,” he explains.

This means Colonial’s half-year profit is likely to be about $9.1 million, up from $6.9m for the six months ending December 31, 2024.