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Autosports Group Ltd ( (AU:ASG) ) has issued an update.
Autosports Group Limited reported a slight increase in revenues for the half-year ended December 31, 2024, with a 2.1% rise to $1,369,441,000. However, the company experienced a significant 70.4% drop in profit after tax, totaling $10,414,000, largely due to acquisition-related expenses and intangible amortization. The acquisition of B S Stillwell Motor Group Pty Ltd is expected to impact its operations positively by expanding its market presence and control over its newly acquired entities.
More about Autosports Group Ltd
Autosports Group Limited operates in the automotive industry, primarily focusing on the sale and servicing of luxury and prestige vehicles. The company is known for its extensive dealership network and commitment to providing high-end automotive solutions to its clientele.
YTD Price Performance: 5.17%
Average Trading Volume: 172,253
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$370.5M
See more data about ASG stock on TipRanks’ Stock Analysis page.
