Australia's Peter Warren Automotive sees worst day since debut on bleak outlook

Peter Warren Automotive Holdings

27/08/2021 03:44

** Shares of Peter Warren Automotive Holdings Ltd  PWR.AX 
slide as much as 5.85% to A$3.38, their worst intraday pct fall
since ASX debut in April 
    ** The automobile dealer sees https://www.pwah.com.au/site/PDF/f994db5f-c26c-48d5-a926-682beb3ad6e5/FY21FullYearResult
 uncertainties in H1FY22 due to  the impact of lockdowns in New
South Wales and Queensland 
    ** Says supply of new vehicles uncertain due to constraints
across their original equipment manufacturers
    ** Hence, co maintains its H1 FY22 pro-forma net profit
before tax forecast of A$28 mln ($20.26 mln) given in IPO
prospectus
    ** However, co more than doubles its FY profit to A$37.5 mln
on the back of strong demand in May and June
    ** Stock up 3.8% this year, as of last close

    ($1 = 1.3818 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))