NZ's Colonial Motor climbs on upbeat first-half profit outlook

Colonial Motor

22/12/2021 24:36

** Shares of Colonial Motor Company  CMO.NZ  rise as much as
2.8% to NZ$10.790, on track for their biggest intraday
percentage gain since Aug. 25 
    ** Franchised vehicle dealership co anticipates its
first-half profit after tax to be materially ahead of a year
earlier  urn:newsml:reuters.com:*:nNZW1yWw0C
    ** Co, however, warns supply disruptions and uncertainty
around the impact of clean car taxes due to the pandemic will
pose challenges in the second half 
    ** Stock hits highest since Dec. 14 
    ** Stock up ~20.7% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))