AP Eagers on track for record profit

Company News

A. P Eagers Limited (ASX:APE) says they are on track to record a record underlying profit of up to $104 million for 2014. 
 
The automotive retail group says that following the completion of the September quarter accounts and as long as market conditions remain consistent to the end of the year then the company will produce another record result. 
 
Revenue guidance of between $100 million to $104 million compares to $87.3 million for the 2013 calendar year. 
 
Profits of $9 million from sales of property and the MTAI insurance business are also included in the forecast. The financial results have been boosted by a number of acquisitions in the past 12 months. 
 
AP Eagers produced a net profit of $33.3 million for the half year ended 30th June 2014. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?