LONDON, March 28 Motoring group AA
posted a full-year core profit of 403 million pounds ($505.5
million) on Tuesday, steady from the previous year and in line
with expectations, supported by growth in new business.
AA, which offers roadside recovery and motor insurance
services, saw a 14 percent growth in new business volume for the
year ending Jan 31, 2017, it said in a trading statement.
Trading earnings before interest, tax, depreciation and
amortisation was up 0.2 percent from a year earlier and in line
with 403 million pounds forecast on Thomson Reuters I/B/E/S.
The group's trading revenue rose 1.6 percent to 940 million
pounds, below 953 million forecast.
Operating profit fell 4.4 percent, however, to 284 million
The firm said it had seen a positive start to the 2018
AA said it would pay a final dividend of 9.3 pence per
share, up 3.3 percent from a year earlier.
($1 = 0.7972 pounds)
(Reporting by Carolyn Cohn, editing by Dasha Afanasieva)