National Tyre & Wheel Ltd. ( (AU:NTD) ) has shared an update.
National Tyre & Wheel Ltd. has successfully renegotiated its financial covenants with the Commonwealth Bank of Australia, following discussions about potential breaches due to current trading conditions. The company’s trade finance facility, initially increased to support Dunlop inventory purchases, will be reduced after the termination of the Dunlop Distribution Agreements, reverting to previous levels.
More about National Tyre & Wheel Ltd.
National Tyre & Wheel Ltd. operates in the automotive industry, focusing on the distribution and sale of tyres and wheels. The company is involved in trade finance and has agreements with major brands like Dunlop.
YTD Price Performance: -23.08%
Average Trading Volume: 233,338
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$33.54M
See more insights into NTD stock on TipRanks’ Stock Analysis page.