BUZZ-Australia's  Autosports Group hits record high on strong start to FY26

Reuters08-21
BUZZ-Australia's  Autosports Group hits record high on strong start to FY26

** Shares of Autosports Group ASG.AX rise as much as 9.6% to an all-time high of A$3.09; last up 7.8%

** At the current level, the stock is heading for its best day since May 6, if gains hold

** Automotive dealer says FY revenue rises 8.2% to a record high of A$2.87 billion ($1.84 billion)

** Says July 2025 revenue up about 13.5%

** Although FY profit falls 46%, co posts stronger performance in the second half compared to the first half

** Declares final dividend of 4.5 AU cents per share, lower than 8.0 AU cents last year

** Stock up ~74% this year, including the day's move

($1 = 1.5567 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment