May 15 (Reuters) - Australian auto retailer AP Eagers Ltd (APE) on Wednesday said it expected first-half fiscal 2019 operating profit before tax to be 7%-10% lower than last year, citing a challenging domestic car retail environment.
It is currently in discussions to buyout smaller rival Automotive Holdings Group Ltd (AHG) , which last week backed a A$836 million ($580.3 million) takeover bid by the company and also cut its full-year net profit forecast on Tuesday.
($1 = 1.4407 Australian dollars)
News: APE Australia's AP Eagers expects softer H1 profit
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Last
$27.25 |
Change
0.530(1.98%) |
Mkt cap ! $6.949B | |||
| Open | High | Low | Value | Volume |
| $26.85 | $27.29 | $26.82 | $2.369M | 87.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 187 | $27.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.25 | 24 | 1 |
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| Last trade - 11.14am 10/09/2025 (20 minute delay) ? |
| APE (ASX) Chart |