Australia's Peter Warren Automotive jumps most in nearly three years on upbeat FY outlook

Peter Warren Automotive Holdings

23/07/2025 02:16

** Peter Warren Automotive  PWR.AX jumps as much as 13.3% to A$1.665; marks biggest intraday pct gain since September 14, 2022

** Dealership group expects FY underlying profit before tax (PBT) to come in at ~A$22 mln ($14.4 mln)

** Posted underlying PBT of A$7.1 million in H1

** Says marketing campaigns, inventory, cost optimisation driving improved earnings compared with prior expectations

** YTD, PWR gains 12%

($1 = A$1.5253)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))