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EMH profits rise

European Motor Holding has reported a profits before for tax rise of 42% to £10.2 million for the six months ended August 31.

The interim dividend increased by 15% to 4.6 pence per share.

Return on sales in its motor retail division were up to 3.1% from 2.9%.

Richard Palmer, EMH chief executive, said: "Even in a difficult market, we have continued to make excellent progress. The first half contribution of the recently acquired SKF businesses was ahead of our expectations and we look forward to a satisfactory full year outcome."

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