Eagers Automotive Limited (AU:APE) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Eagers Automotive Limited has reported a 13.4% increase in revenues, amounting to $5,464,203 for the first half of the year, although the company’s net profit has taken a downturn, falling 18.0% to $123,422. Despite the rise in revenue, net profit attributable to members also dropped by 15.8% to $116,020, while dividends maintained a steady payout of 24.0 cents per share. Additionally, the company’s net tangible asset backing per security decreased from the previous year, now standing at $1.77.
For further insights into AU:APE stock, check out TipRanks’ Stock Analysis page.