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)
News: APE Australia's Automotive Holdings cuts 2019 profit forecast
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Last
$26.41 |
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Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
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| APE (ASX) Chart |