Australia's Bapcor soars on FY25 cost savings guidance

Bapcor

26/02/2025 24:06

** Shares of auto parts firm Bapcor BAP.AX rise as much as 15.1% to A$5.170, its biggest intraday pct gain since late-March 2020

** Co says it expects to reach upper end of A$20 million to A$30 million ($12.70 million-$19.05 million) cost savings target in FY25

** Announces interim dividend of 8 Australian cents per share, unchanged from last year

** Trade performing well as we expected - Jefferies

** Co, however, posts a 15.2% Y/Y drop in net profit after tax pro forma at A$45.5 million

** Stock has risen 10.2% this year, as of 2353 GMT

($1 = 1.5746 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))