Australia's MaxiPARTS hits 1-yr low on 'activity slowdown' affecting sales

Maxiparts

14/05/2024 02:29

** Shares of MaxiPARTS  MXI.AX  fall as much as 5.6% to
A$2.10, their lowest since Apr. 4, 2023
    ** Commercial truck and trailer parts company sees H2 FY24
underlying sales to be in line with H2 FY23 due to activity
slowdown on the East Coast     
    ** Sees FY24 net profit before tax of A$9.6 mln - A$10.1 mln
($6.34 mln - $6.67 mln) and FY24 sales of A$239 mln to A$244 mln
    ** Stock has fallen 21.4% this year, as of last close


($1 = 1.5147 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))