Australia's Autosports rises on positive 2023 results, outlook

Autosports

23/08/2023 01:37

** Shares of Autosports Group Ltd  ASG.AX  rise as much as
nearly 3% at A$2.46
    ** The automotive dealer co posts profit for the year of
A$65.4 mln ($42.04 mln), up 22.6% y/y
    ** Says FY revenue from ordinary activities up 26.4% to
A$2.37 bln 
    ** For 2024, co remains well-placed for further well-priced
acquisition opportunities - ASG 
    ** As of last close, stock up 17.73% this year
    
    ($1 = 1.5557 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))