27 January 2016
Company Announcements Office ASX Limited
A.P Eagers Limited (ASX:APE) is pleased to report that it will achieve a record profit result for the 2015 financial year.
The Company expects to report an underlying* Net Profit Before Tax of $126.4 million for 2015, compared to $106.2 million for 2014, which is an increase of 19%. The Statutory Net Profit Before Tax is expected to be $121.0 million compared to $102.8 million for 2014, an increase of 18%.
The final results are subject to completion of asset fair value assessments. Preliminary assessments indicate a likely $5.5 million non-cash impairment of the goodwill associated with the National Trucks division following another disappointing full year result for that division. This likely $5.5 million impairment is already reflected within the above $121.0 million figure.
The final results will be released on 24 February 2016, following completion of external audit review.
*Underlying excludes business acquisition costs, asset fair value adjustments and benefits from tax refunds associated with previous years' GST payments.
For more information: Martin Ward
Managing Director & Chief Executive Officer (07) 3608 7100
www.apeagers.com.au
ABN 87 009 680 013
Registered Office
80 McLachlan Street, Fortitude Valley, QLD, 4006
P.O. Box 199, Fortitude Valley, QLD, 4006
T (07) 3608 7100 F (07) 3608 7111E corporate@apeagers.com.au
A.P. Eagers Limited issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 22:43:31 UTC
Original Document: http://www.apeagers.com.au/wp-content/uploads/2016/01/1518524.pdf