Smart and timely decisions taken by Combined Motor Holdings at its car-hire division, First Car Rental, during the early Covid-19 shutdowns drove the group’s interim profits.
In the six months to end-August, CMH’s car-hire business was the star performer with a 90% revenue gain to R368m and 168% gain in after-tax profits to R123m. This underpinned CMH’s 51% gain in headline earnings to 302c a share...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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