Bapcor Ltd (AU:BAP) has released an update.
Bapcor Limited reported a challenging fiscal year 2024, with a statutory loss of $158.3 million after significant non-cash items, yet pro-forma NPAT stood at $94.8 million, in line with previous guidance. Revenue slightly increased by 0.8% to $2.0 billion, despite a downturn in the retail segment, and the company announced a final dividend of 5.5cps. Management has implemented cost-saving measures and streamlined operations, projecting savings of $20m to $30m in the next fiscal year.
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