Australia's RPM Automotive sees best day in 3 weeks on HY profit jump

Rpm Automotive

24/02/2022 02:29

** Shares of RPM Automotive Group  RPM.AX  rise as much as
5.9% to A$0.270, set for best session since Jan 31 if gains hold
    ** The auto parts dealer posts https://www.asx.com.au/asxpdf/20220224/pdf/456c03s7rfdfcj.pdf
 HY profit from continuing operations attributable of A$1.3 mln
($937,040.00) vs A$880,908 in the same period last year
    ** Posts HY revenue from ordinary activities of A$34.4 mln,
up 87.6% from a year earlier
    ** Co sees https://www.asx.com.au/asxpdf/20220224/pdf/456c09qz6ypjs4.pdf
 FY22 revenue of A$78 mln and FY22 EBITDA of more than A$7 mln
    ** Stock hits highest level since Feb 17
    ** RPM stock down ~17.7% YTD, as of last close 
    



($1 = 1.3873 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))