Repco NZ pays $123m dividend to US owner, defies economic funk with big profits

Kiwis’ affinity for cars is boosting profits at auto parts retailer Repco, leading to a $123 million dividend payout for its US owner, GPC Asia Pacific, following a nearly $30 million profit. Repco’s revenue surged from $377 million in 2019 to $568.5 million by December 2024, with net profit increasing from $14.5 million to $29.7 million, showing consistent growth despite economic challenges.

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