McMillan Shakespeare reported a 7% revenue increase to $256.477 million and a 37.7% rise in net profit after tax to $43.755 million for the first half of FY24.

The salary packaging and novated leasing services provider noted a 25.7% growth in novated lease sales, electric vehicles comprising 36.9% of new leases, and a 42.9% rise in normalised EBITDA to $86.9 million, yielding a 33.3% margin.

The company declared a fully franked interim dividend of 76 cents per share.