Auto parts dealer Bapcor's shares slump to decade low

Auto parts dealer Bapcor's shares slump to decade low

Bapcor says it's identified "historic poor operational practices" in its trade division that will result in a $12 million hit to its bottom line.

Bapcor cuts profit outlook, sacks staff over ‘unsatisfactory practices’

The car parts retailer has downgraded its half-year outlook due to an earnings hit caused by “unsatisfactory operational practices” in its core trade division.

Bapcor Flags Profit Downgrade Amid Operational Issues

Bapcor, an auto parts group that owns retail brand Autobarn and the Burson Trade network, has announced a profit downgrade following the discovery of “unsatisfactory operational practices” within its core trade division, particularly its tools and equipment business. The company expects a $12 million pre-tax earnings hit. Bapcor provides automotive aftermarket parts, accessories, automotive equipment, and services. The group operates across the …

Bapcor reports sales dip in first quarter, outlines cost management plans

Automotive parts group Bapcor has reported its first-quarter sales for this fiscal year fell 2.7 per cent to $497.7 million, with its profit set to decrease due to operational and restructuring costs.