Business
The ARB (ASX:ARB) share price slides following strong half-year results // The Motley Fool Australia
The ARB Corporation Limited (ASX: ARB) share price is trading lower today following the release of the company’s half-yearly report.
Shares in the 4WD accessory business are up 90% over the past 12 months and 23% higher year-to-date. However, the ARB share price has slipped 2.48% to $38.14 at the time of writing.
ARB share price drops despite strong performance
Sales for the half-year period ending 31 December 2020 were $284 million, an increase of 21.6% over the prior corresponding period (pcp).
ARB reported a profit after tax of $54 million for the half-year 2021, representing a 113.5% gain compared to the same period in FY20.
ARB’s half-year profit before tax was $72.1 million, which is at the top of its previously released…
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