ASX:ASGSpecialty Retail
Autosports Group (ASX:ASG) Shares Trail Revenue Growth As Earnings Slip
Autosports Group walked into this result out of favour, with the stock down about 29% over the past three months and trading at A$1.49, yet the latest numbers paint a more complicated picture. Revenue over the last twelve months reached about A$3.2b and normalised profit before tax came in at A$53.5m. That combination indicates this is now a low margin, volume driven luxury auto retailer where small shifts in costs and funding can move equity value quickly.
Love the scale of Autosports Group...