Autosports Group (ASX:ASG) has reported a 71% increase in net profit after tax to $35.1M for the half-year ended 31 December 2022.

The Group also announced gross profit was up 26% to $220.6M, and an interim dividend of 9 cents per share (fully franked) was declared.

Nick Pagent, the CEO of Autosports Group, attributed the organic and accretive growth from strategically aligned acquisitions, and expects continued momentum into the second half, with the opening of the Ringwood BMW and Motorrad greenfield site.

Its share price closed up 2.37%.