Australia's RPM Automotive sees best day since end-Aug on Q1 results

Rpm Automotive

09/11/2023 24:50

** Shares of RPM Automotive  RPM.AX  advance as much as 9.8%
to A$0.09, set for best day since Aug 30 - if current gains hold
    ** Auto parts dealer reports 19% rise in operating profit to
A$3 mln ($1.92 mln) for Q1 FY24, underlying revenue up nearly 6%
to A$24.9 mln 
    ** Co reaffirms FY24 guidance of A$130 mln-A$140 mln in
revenue and operating profit between A$10.5 mln and A$12 mln 
    ** Shares hit highest level since Oct 5 
    ** Stock down ~56.8% this year, as of last close

($1 = 1.5613 Australian dollars)

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