Bapcor sees rise in profits

Company News

by Anna Napoli

Automotive parts manufacturer Bapcor (ASX:BAP) has reported net profit rose about 47 per cent to $41 million dollars for the half year to December 2017. The figures are on a pro forma basis which exclude the Hellaby acquisition.

In more good news for the company, it delivered revenue growth of 42 per cent on the same period the previous year to $616 million.

Bapcors earnings (EBITDA) also increased by 43 per cent to $70 million.

The company declared an interim dividend of 7 cents per share for the half year, a gain of 27 per cent on the prior corresponding period.

Shares in Bapcor (ASX:BAP) are trading 4.8 per cent higher to $5.94

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.