Brief: 2 Cheap Cars Sees FY24 Net Profit After Tax Between NZ$6.3 Mln And NZ$6.5 Mln

2 Cheap Cars

29/02/2024 21:11

March 1 (Reuters) - 2 Cheap Cars Group Ltd  2CC.NZ :
    * FY24 NET PROFIT AFTER TAX GUIDANCE IS REVISED TO BETWEEN
NZ$6.3M
AND NZ$6.5M, FROM NZ$6.8M
    * STEADY INCREASE IN VALUE OF NEW ZEALAND DOLLAR AGAINST
JAPANESE
YEN HAS LED TO HIGHER THAN EXPECTED HEDGE LOSSES
    * DECISION REGARDING DIVIDENDS WILL BE MADE BY BOARD WHEN
FULL
YEAR RESULTS ARE APPROVED
    * STRONG PERFORMANCE TO DATE INDICATES THAT A FY DIVIDEND AT
HIGHEST END OF POLICY RANGE IS LIKELY

Source text for Eikon:  ID:n427160-2 
Further company coverage:  2CC.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))