IH 21 saw underlying operating profit before tax of A$218.6 million, so the projected $195 million (increased by today's release) for 1H 22 is a decrease of 10.8 per cent.
I've never worked in the automotive sector but given the barrage of media publicity from pessimists implying that dealers have huge backlogs of 12 months or more in order fulfilment for new cars, can we suggest that in the circumstances, this is a very good result from APE?
I'd like to hear from those experienced in this industry what they think.
Ann: Market Update for the Half Year ended 30 June 2022, page-2
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