Profit for the year ended June is forecast to jump more than a third from a year earlier after benefiting from a healthy stock position in the first half
Electrical wholesaler and lighting distributor ARB Holdings has flagged a more than one-third rise in profit for its year to end-June, indicating a further improvement in the second half after benefiting from a good stock position in the first six months.
This is an improvement from the 25.9% heps growth in the first half, when it said its stock position had proved a significant factor in its success even as the pandemic continued to disrupt local and international supply chains. The group was affected by lockdowns in the first half of 2020, but its forecast of heps of as much as 83.9c is also an improvement on the 58.2c it generated in its 2019 year.
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