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ARB sales jump.

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  • ARB sales jump.

    ARB yesterday reported a sales jump for the last six months of 21.65% to $284m. Profit is estimated at $70 to $72m. Their shares are now worth $33.47.

  • #2
    If that is a nett profit after all costs, it would suggest a mark up well in excess of 100%-700%, which i've always expected was the case.

    The old rule of thumb is nett profits of 4-5% of turnover is a healthy business, car yards we love to hate manage around 1.5-2%, big turnovers though.
    Last edited by Jasonmc73; 1 week ago.
    Mitsubishi Pajero NX MY16

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    • #3
      The article said 'before tax profit'.Didn't mention gross or net.

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      • #4
        Originally posted by BruceandBobbi View Post
        The article said 'before tax profit'.Didn't mention gross or net.
        Oh thats more like it

        As can be seen, the mark ups are quite healthy, which they can be as it's a passion purchase for many & the market dictates what they can charge, people are willing to pay.
        Plenty of money in Australia & they are getting a share of the descretionary spend, good on them.

        Mitsubishi Pajero NX MY16

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