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…
-
General23 hours agoMan who shot poodle in Central Coast caravan park robbery sentenced to eight years in prison
-
General12 hours agoClean-up underway after stormy weather hits, 400 calls for help in Sydney
-
Noosa News14 hours agoFeral pigs devour 99 out of every 100 lambs on this Central West NSW farm
-
Noosa News22 hours agoAerosol physicist Lidia Morawska wins 2025 Prime Minister’s Prize for Science