SG Fleet reports 39% increase in profit as progress continues in challenging environment

SG Fleet Group Limited (ASX: SGF) announced its FY22 results for the period ended 30 June 2022:

• The company has reported a Net Profit After Tax of AU$60.7 million in FY22, which is a 39.0% increment from the prior corresponding period.
• It has reported an underlying NPAT of AU$71.9 million, which comprises an AU$19.3 million 10-month contribution from the LeasePlan Australia and New Zealand businesses, which were acquired on 01 September 2021.
• SG Fleet Group Limited reported total net revenue of AU$313.0 million, up 58.0% from the previous corresponding period.
• During FY22, the company has made quick progress with the LeasePlan integration. Initial phase of the process was rolled out with the introduction of common premises and shared services and the start of the implementation of a group-wide products and services structure.

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