ASX:PWRSpecialty Retail
Peter Warren Automotive Holdings (ASX:PWR) Shares Face Margin Squeeze Despite Flat Revenue
Peter Warren Automotive Holdings went into this result with the stock under steady pressure. The share price closed at A$0.87 on 21 August, with declines over 7 days, 30 days and 90 days setting a gloomy tone before the numbers even hit the screen.
The earnings story that followed was all about margin strain. Full year revenue was about A$2.5b but profits compressed, with underlying profit before tax dropping and net profit margin for the year sitting at 0.3%. The market is now weighing that...