AMA Limited Provides Market Update, Stock up ~7.8%

  • Jun 20, 2020 AEST
  • Team Kalkine

AMA Limited (ASX:AMA) revealed that the service agreement negotiations with all the key Insurance partners have now been finalized and these have resulted in enhanced pricing, which shall permit the business to recover standard operating cost inflation along with the costs of increasing motor vehicle technology.

Moreover, the new arrangements, which take effect onwards 1 July 2020 and will deliver meaningful revenue growth in real terms when repair volumes return to stable levels.

Post announcement AMA last quoted at A$0.690 climbed by 7.812% on 19 June 2020.




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