ARB share price dives 13% after profit slides; ASX:ARB outlook and April dividend in focus
ARB shares dropped 13.1% to A$21.36 after first-half profit before tax fell 18.8% to A$57.1 million and revenue slipped 1% to A$358 million. The company blamed weaker sales margins on currency and factory cost pressures. Interim dividend was held at 34 cents a share, with a record date of April 2. ARB reported cash of A$59.4 million and no debt at December 31.