Bapcor Ltd ( (AU:BAP) ) has provided an update.
Bapcor Limited reported a decline in its financial performance for the half-year ended December 31, 2024, with statutory revenue down by 0.5% and net profit after tax decreasing by 13%. The company also saw a decrease in pro-forma earnings before interest, taxes, depreciation, and amortization by 7.2% and a drop in pro-forma net profit after tax by 15.2% compared to the previous year. Despite these declines, Bapcor managed to reduce its net debt by $32.6 million, indicating a stronger financial position moving forward. The company declared an interim dividend of 8.0 cents per share, reflecting its commitment to returning value to shareholders.
More about Bapcor Ltd
Bapcor Limited operates in the automotive aftermarket industry, providing a range of products and services including vehicle parts, accessories, and equipment. The company focuses on serving the needs of automotive professionals and enthusiasts across various markets.
YTD Price Performance: -2.19%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €936.2M
See more insights into BAP stock on TipRanks’ Stock Analysis page.