Business
Why the MotorCycle Holdings (ASX:MTO) share price is racing higher
The MotorCycle Holdings Ltd (ASX: MTO) share price went up more than 6% after the company released its FY21 half-year result.
This business was founded in 1989. It is a motorcycle dealership and accessories group with 48 franchises operated from 31 dealership and eight retail accessory locations in Queensland, New South Wales, Victoria and the ACT.
MotorCycle Holdings FY21 half-year result
The company revealed that it sold 11,467 motorcycle units, which is 12% more than it did in the prior corresponding period, with new motorcycle unit sales increasing by 30% to 6,770.
MotorCycle Holdings said that motorcycle sales grew as an outcome of introducing new products into existing stores and the dealership network expansion. The overall…
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