BAP 0.60% $4.95 bapcor limited

Ann: Resignation of Chief Financial Officer, page-11

  1. 18 Posts.
    You saw the results announcement on 17th October right?

    "However, we are not immune from shorter-term macroeconomic headwinds facing many
    organisations, which in the current financial year have so far led to a more moderate growth
    profile in our Trade and Wholesale markets, and a further deterioration in the Retail sector.
    This resulted in our overall year-to-date revenue growth slowing down to a low-single digit
    percentage rate, compared with last year.
    In terms of bottom line, these challenges are further compounded by increased short-term
    margin pressures from cost inflation and other external factors such as increasing payroll
    taxes; as well as investments in capability, depreciation and amortisation costs and higher
    interest"

    The original BTB announcement didn't state that they would hit the addition $100m as long as trading conditions were ok. You are right though, probably wrong to assume that the last quarter hasn't produced a miracle result.
 
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