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Autosports Group Ltd ( (AU:ASG) ) has shared an update.
Autosports Group Limited released a trading update for the first half of the fiscal year 2025, noting that although total revenue rose to $1,373 million, challenging trading conditions in November and December led to lower than expected new vehicle revenues. The company’s normalised net profit before tax is anticipated to be $20 million, down from initial forecasts, with further details on trading conditions and future strategies to be disclosed in February.
More about Autosports Group Ltd
Autosports Group Limited is a company operating in the automotive industry, focusing primarily on the trading of new vehicles. The company is positioned within a market that can experience variable demand and trading conditions, as evidenced by recent challenges in new vehicle sales.
YTD Price Performance: 0%
Average Trading Volume: 166,871
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$352.2M
For an in-depth examination of ASG stock, go to TipRanks’ Stock Analysis page.