The Share Price Of APE Zooms Up After The Outcome Of Forecast Financial Result Of 2018

AP Eagers Limited

On 23 January 2019, AP Eagers Limited (ASX: APE) announced its financial results for FY2018 as a result of which its share price increased by 7.12% with the market open.

In FY2017, the statutory net profit after tax was $98.2 million. By the end of FY2018, the company expects to report a statutory net profit after tax of $101.2 million which is 3% above the net profit after tax of FY2017.

The statutory net profit before tax is expected to go down by 1.4%. In 2017, the statutory net profit before tax was $135.6 million whereas, in 2018, the company expects its statutory net profit before tax will be $133.7 million. The results obtained is above the guidance range disclosed by the company in November 2018.  [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

As a result of robust operation net profit before tax in the car and the retail truck businesses, the previous financial year’s reduced profit got covered up. In December, the truck and the car business of the company makes a record in achieving its net operating profit before tax. The company as a whole in FY2018 gave a robust operating result for the entire financial year 2018.

At present, the financial statements of the company are under the external audit and are expected to get published by February 2019. The company believes that there is a less probability of any significant material changes in the profit and loss statement as per the preliminary assessment of the financial statement.

The official listing date of APE on ASX is 17 April 1957, where the overall performance of the company was 456.36%. In the previous five years, the performance of the APE was 20%. In last one year, APE’s performance was -23.52%.

Based on the half-yearly results of APE for FY2018 which ended on 30 June 2018, the results remain better as compared to its previous corresponding period. The net profit before tax was up by 2.1% as compared to the half-year results of FY2017. Its statutory profit after tax was $53.7 million which was again up by 8.8% as compared to the previous corresponding period. The EPS was 27.7 cents which were also up by 9.1%. The company also declared an interim dividend of 14 cents per share for the period.

The net cash and cash equivalent during the period were $41.552 million.

At present, the market price of the APE shares on ASX is A$6.620 (AEST: 1:59 pm, 23 January 2019) which is 0.440 points above its previous trading day’s closing price with the stock holding a market capitalization of A$1.18 billion and a PE ratio of 11.75x.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report