Eclipx Group Ltd. (AU:FPR) has released an update.
Eclipx Group Ltd.’s FleetPartners division reports a robust first half of 2024, with new business writings surging by 39% and assets under management increasing by 10% compared to the previous year. Despite a slight dip in net profit after tax, the company maintains strong portfolio quality and announces a share buy-back program of up to $27 million. This performance is buoyed by heightened demand for electric vehicles and an improvement in the supply of new vehicles, reflecting the company’s strategic growth and strong market position.
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