AP Eagers races into profit upgrade
On Wednesday car dealerships business AP Eagers (ASX: APE) announced it will achieve a record profit for the 2015 financial year. The company said it expects to report an underlying net profit of $126.4 million for 2015, which is 19% higher than the $106.2 million posted in 2014. The results reflect 2015 being one of the strongest years on record for new cars sold in Australia. AP Eagers shares closed up 3% for the week. We own AP Eagers in the investment portfolio.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
2 topics
1 stock mentioned
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Comments
Comments
Sign In or Join Free to comment