AHG automotive holdings group limited.
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News: AHG Australia's Automotive Holdings cuts 2019 profit forecast

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    14/05/19
    08:50
    Post #: 38548642

    May 14 (Reuters) - Australian car dealer Automotive Holdings Ltd (AHG) cut its full-year net profit forecast, citing challenging volumes in the automotive sector.

    The company, which last week backed a A$836 million ($580.10 million) takeover bid by larger rival AP Eagers (APE) , estimated operating net profit after tax (NPAT) of about A$50 million for the 2019 financial year.

    In February, its forecast was A$52 million to A$56 million. ($1 = 1.4411 Australian dollars)

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