StockMarketWire.com - Digital automotive marketplace Auto Trader reported a rise in profit thanks to stronger-than-expected revenue growth from retailers. For the six months ended 30 September 2019, pre-tax profit rose 12% to £127.7m as revenue to £186.7m.

Average revenue per retailer (ARPR) per month was up 7% to £1,951 with growth from product and price offsetting a small decline in paid retailer stock, the company said.

An interim dividend of 2.4p a share was declared, up from 2.1p a share on-year.

The company said it was 'confident' of meeting its growth expectations for the year.


At 9:17am: [LON:AUTO] Auto Trader Group Plc share price was +30.2p at 579p



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