Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Autins Group reported higher profit even as activity was impacted by the semiconductor supply shortage.
For the six months ended 31 March 2021, pre-tax losses narrowed to £0.6 million from £1.76 million as revenue increased by 3.7% to £13.71m.
'During Q2 and Q3, our sales have been significantly impacted by the well-publicised semi-conductor supply issues,' the company said.
Neptune sales continue to progress well with sales growing by 33%.
Looking ahead, the company said the 'strong underlying demand for cars and reassuring statements from semi-conductor manufacturers that they will begin to meet automotive demand during the summer suggests that we should start to see a recovery later this calendar year.'