Australia's Peter Warren gains on robust FY results

Peter Warren Automotive Holdings

26/08/2022 06:21

** Shares of Peter Warren Automotive  PWR.AX  gain as much
as 5.1% to A$2.67, their best day in more than a week 
    ** The motor vehicle dealer posts a FY22 revenue of A$1.71
billion ($1.19 billion), up 5.6% from the prior period,
reflecting the contribution of the acquisition of Penfold Motor
in 2021  urn:newsml:reuters.com:*:nFWN3012HF
    ** Also reports a FY underlying net profit after tax of
A$61.7 million, up 18.2% from last year; declares a full franked
final dividend of 13 Au cents per share 
    ** Adds underlying earnings before interest grew 20.4% to
A$130.1 mln, on account of better performance of existing
business in New South Wales 
    ** Stock has fallen 13.3% this year, as of last close

($1 = 1.4362 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))