Series of profit warnings in May 2019, well before bushfire etc.. poor RV sales in USA the real driver
""On 2 May 2019, Apollo Tourism & Leisure Ltd (ASX: ATL) (‘Apollo’, ‘the Group’ or ‘the Company’ provided updated guidance for the Group’s Net Profit After Tax (NPAT) for FY19 of between $17.5 million and $19.5 million. Since 2 May 2019, there has been further deterioration in trading conditions in RV markets globally and the Company now expects FY19 statutory NPAT to be between $14 million and $15.5 million, excluding any potential goodwill impairment. This revised range assumes no improvement in trading conditions for the balance of the financial year""
ATL Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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provided updated guidance for the Group’s Net Profit After Tax (NPAT) for FY19 of between $17.5 million and $19.5 million. Since 2 May 2019, there has been further deterioration in trading conditions in RV markets globally and the Company now expects FY19 statutory NPAT to be between $14 million and $15.5 million, excluding any potential goodwill impairment. This revised range assumes no improvement in trading conditions for the balance of the financial year""
