ASX:AOVAuto Components
Amotiv (ASX:AOV) Shares Rebound On Cash Rich Profit Recovery
Amotiv came into this result with a stock that had slipped about 8.7% over the past week, even as longer term returns stayed modestly positive. The market has treated it like a highly geared auto parts play, with questions around debt and dividend reliability. The headline from this earnings release is different. Amotiv posted A$75.1m in net profit after tax and underlying earnings before interest, tax, depreciation and amortisation of A$195.1m, with cash conversion of about 93%. That puts...