Australia's Bapcor jumps most in nearly 2 years on higher HY revenue projection

Bapcor

29/01/2024 24:54

** Shares of Bapcor  BAP.AX  rise as much as 6.6% to
A$5.620, their highest level since Jan 15
    ** Stock currently up 5.7%, sees best day since Feb. 10,
2022
    ** Vehicle parts provider sees 1H24 revenue of A$1.02
bln($670.75 mln), compared with A$1.00 bln in 1H23
    ** However, co sees pro-forma net profit after tax (NPAT) of
A$53 mln to A$54 mln, compared to A$62 mln in 1H23
    ** Co says group earnings were negatively impacted by a
weaker performance in Retail segment
    ** Co among top gainers on benchmark S&P/ASX 200 index
 .AXJO  
    ** Stock has fallen 4.9% this year as of last close
    

($1 = 1.5207 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))