Brief: NZ Automotive Investments Sees FY Net Profit After Tax In Range Of NZ$2.3M To NZ$2.7M

2 Cheap Cars

27/01/2022 01:37

Jan 27 (Reuters) - NZ Automotive Investments Ltd  NZA.NZ :
    * NZ AUTOMOTIVE INVESTMENTS - NOW EXPECTS UNDERLYING NET
PROFIT
AFTER TAX FOR YEAR TO 31 MARCH 2022 TO BE IN RANGE OF NZ$2.3M TO
NZ$2.7M
    * NZ AUTOMOTIVE INVESTMENTS LTD SEES FY ACTUAL NET PROFIT
AFTER
TAX IN RANGE OF NZ$3.2M TO NZ$3.6M
    * NZ AUTOMOTIVE INVESTMENTS LTD - MANAGEMENT NOT SEEING THE
EXPECTED BOUNCE BACK IN SALES PREVIOUSLY EXPERIENCED FOLLOWING
FIRST COVID-19 LOCK DOWN
    * NZ AUTOMOTIVE INVESTMENTS - CONTINUING TO EXPERIENCE
INCREASED
COSTS FOR CERTAIN VEHICLES IN JAPAN ALONG WITH INCREASED FREIGHT
COSTS
    * NZ AUTOMOTIVE INVESTMENTS - ONGOING COVID-19 PRESENCE,
CHANGES
IN CONSUMER BEHAVIOR CONTINUED TO IMPACT SALES, IN PARTICULAR IN
AUCKLAND REGION

Source text for Eikon:  ID: 
Further company coverage:  NZA.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))