AP Eagers (ASX:APE) see losses in a difficult auto market - Sequoia Direct Pty Ltd

27FebFebruary 27, 2020

AP Eagers (ASX:APE) see losses in a difficult auto market

AP Eagers (ASX:APE) FY19 result reflects year of transformation with Statutory Loss After Tax from continuing operations of $80.5 million or $129.1 million when discontinued operations are included.

2018 saw a profit of $97.5 million.

According to Federal Chamber of Automotive Industry statistics, Australia’s new motor vehicle sales decreased by -7.8 per cent in 2019 as compared to 2018.

The challenging market conditions were reflected across the Australian industry, with every State recording a decline on pcp.

They will release a Final Dividend of 22.5 cents per share, the same as 2018.

Shares in AP Eagers (ASX:APE) are trading 3.3 per cent higher at $8.77.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

21NovNovember 21, 2023

Stocks of the Hour: Pure Resources, CuFe, WT Financial Group

21 Nov 2023 - A snapshot of the stocks on the move, featuring Pure Resources (ASX:PR1), CuFe Ltd (ASX:CUF) and WT Financial Group (ASX:WTL).

20FebFebruary 20, 2020

EBOS (ASX:EBO) see significant increase in H1 earnings

20 Feb 2020 - EBOS (ASX:EBO) today announced strong growth in revenue and earnings for the first half of FY 2020 showing statutory NPAT at $81.7 million up 21.8 per cent on the prior corresponding period.

24AugAugust 24, 2023

Stocks of the Hour: Black Mountain Energy, Andromeda Metals, Qantas

24 Aug 2023 - A snapshot of the stocks on the move, featuring Black Mountain Energy (ASX:BME), Andromeda Metals (ASX:ADN) and Qantas (ASX:QAN).

31JulJuly 31, 2020

Origin Energy (ASX:ORG) demand declines during Covid-19

31 Jul 2020 - Origin Energy (ASX:ORG) reports a 3% drop in production for the June quarter due to lower demand as a result of the Covid-19 pandemic, seeing an overall decline of 5% in its full-year revenue.

28AprApril 28, 2020

National Australia Bank (ASX:NAB) completes $3 billion institutional placement

28 Apr 2020 - National Australia Bank (ASX:NAB) has today successfully completed $3 billion fully underwritten institutional placement that was announced yesterday.

21FebFebruary 21, 2020

Orocobre (ASX:ORE) see underlying net loss after tax of US$9.9 million

21 Feb 2020 - Lithium chemicals producer Orocobre (ASX:ORE) reports statutory consolidated group net loss of US$18.9 million for H1 FY20 is down from a profit of US$24.1 million in the previous corresponding period (PCP).

26JunJune 26, 2020

Evolve Education (ASX:EVO) reports $13.3M loss

26 Jun 2020 - Evolve Education Group (ASX:EVO) has reported EBITDA of $8.2 million for the financial year ended 31 March 2020.

12FebFebruary 12, 2020

James Hardie Industries (ASX:JHX) see profit rise on US housing boost

12 Feb 2020 - James Hardie Industries (ASX:JHX) yesterday reported adjusted net operating profit for the quarter ending 31 December 2019 rose to $77.4 million, an increase of 17 per cent for both compared to prior corresponding periods.

29AprApril 29, 2024

Stocks of the Hour: Lanthanein Resources, Orange Minerals, Aspire Mining

29 Apr 2024 - A snapshot of the stocks on the move, featuring Lanthanein Resources (ASX:LNR), Orange Minerals (ASX:OMX) and Aspire Mining (ASX:AKM).

11DecDecember 11, 2020

Fortescue (ASX:FMG) responds to Juukan Gorge scandal

11 Dec 2020 - Fortescue called the moratorium on all mining in the area unfeasible and impractical, and does not support amendments and oversight at the Federal level.