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Shares in AP Eagers Limited (ASX:APE) rose yesterday after the automotive retailer forecast a record full year result.
After a strong trading performance in the third quarter the new and old vehicle sales company expects to deliver a net profit before tax of between $54 million to $57 million in the full 2011 calendar year.
The forecast compares to a net profit before tax of $43 million delivered the year before.
AP Eagers says following Japan’s earthquake and tsunami earlier this year there has been an increase in manufacturer marketing activities and a freeing up of vehicle supply.
Yesterday shares in AP Eagers closed 1.48 per cent higher at $10.30.
In the 2010 calendar year AP Eagers generated a net profit after tax of $19.8 million.
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Last
$26.41 |
Change
-0.650(2.40%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $27.34 | $27.38 | $26.31 | $12.53M | 472.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2011 | $26.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.50 | 150 | 1 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| APE (ASX) Chart |