May 15 (Reuters) - Australian auto retailer AP Eagers Ltd (APE) on Wednesday said it expected first-half fiscal 2019 operating profit before tax to be 7%-10% lower than last year, citing a challenging domestic car retail environment.
It is currently in discussions to buyout smaller rival Automotive Holdings Group Ltd (AHG) , which last week backed a A$836 million ($580.3 million) takeover bid by the company and also cut its full-year net profit forecast on Tuesday.
($1 = 1.4407 Australian dollars)
News: APE Australia's AP Eagers expects softer H1 profit
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Last
$26.72 |
Change
-0.530(1.94%) |
Mkt cap ! $6.895B | |||
| Open | High | Low | Value | Volume |
| $27.29 | $27.41 | $26.64 | $11.04M | 411.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 691 | $26.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.82 | 7430 | 2 |
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| Last trade - 16.11pm 09/09/2025 (20 minute delay) ? |
| APE (ASX) Chart |