"The reduction in revenue seemed to be explained away by the reduced tyre sales volumes."
Their response to the conditions in the tyre market in recent years, i.e., which I interpreted as stepping away from competing without generating an acceptable margin, was something that struck a chord of interest with me, as I own shares in one of Australia's largest tyre distributors.
Selling tyres in Australia has been a gnarly affair in recent years.
Little wonder capital is exiting the sector.
.
Ann: FY21 Half Year Results Presentation, page-7
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Last
$33.90 |
Change
-0.030(0.09%) |
Mkt cap ! $12.78B | |||
| Open | High | Low | Value | Volume |
| $33.88 | $33.94 | $33.54 | $19.76M | 584.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3543 | $33.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.91 | 5644 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CAR (ASX) Chart |