Softer Domestic Market Weighs on ARB’s Sales, Although Long-Term Earnings Outlook Remains Positive
Narrow-moat rated ARB reported interim fiscal 2019 revenue of AUD 218 million and profit before tax of AUD 38 million, growth of 6% and 5%, respectively. Sales to original equipment manufacturers (OEMS) grew the fastest at almost 22%, reflecting new contracts commenced during the year, although this was offset by softness in the core Australian market. Management highlighted a continuation of sales growth during the first six weeks of the second half, although cautioned that unstable economic co...ARB is engaged in the design, manufacture, distribution and sale of motor vehicle accessories and light metal engineering works.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.