2 Mar 2009

Profit down 54% at Colonial Motor Company

7:01 am on 2 March 2009

The Colonial Motor Company has reported a half-year profit of $2.2 million - a decrease of 54% from the same period a year earlier.

Revenue fell slightly to $265 million in the six months to December.

While trading conditions are uncertain, the company says it has a strong brand representation and is well positioned to deal with expected challenges.