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.
2 topics
1 stock mentioned
most popular
Equities
The WA copper miner poised for a global breakout
Livewire Markets
Please sign in to comment on this wire.