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EMH announces another record year

European Motor Holdings (EMH) has announced record results for the year ended February 28, 2005, with a net cash total of £36.6m.

Profit before tax increased by 79% to £30.1m, while profit before exceptional items, goodwill amortisation and tax was up by 13% to £15.8m.

EMH chief executive, Richard Palmer says: "Once again EMH has delivered record results. Our profits and earnings per share have increased substantially and we are again proposing a significant increase in dividend. We have continued to refine and strengthen our franchise portfolio and have substantial cash resources with which to fund our future growth. We look forward to another successful year."

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