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RPM Automotive's Clive Finkelstein pleased with growth and says FY20 results vindicate strategy

RPM Automotive Group Ltd’s (ASX:RPM) Clive Finkelstein tells Proactive's Andrew Scott results for FY20 surpassed expectations with a year-on-year increase of 13.7% despite the difficulties experienced as a result of the COVID-19 pandemic. The company’s Tyre and Wheel Division outperformed its budget and surpassed the overall performance of the tyre and wheel industry with truck and bus tyre sales up 62% and off-road types sales up 51%.

Quick facts: RPM Automotive Group Ltd

Price: 0.285 AUD

ASX:RPM
Market: ASX
Market Cap: $34.07 m
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RPM Automotive's Clive Finkelstein discusses Traralgon Tyre Service acquisition

RPM Automotive Group Ltd's (ASX:RPM) Clive Finkelstein speaks to Proactive's Andrew Scott after completing the acquisition of Traralgon Tyre Service (TTS). TTS is a market leader in commercial, industrial heavy vehicle tyres in the Gippsland Region in Victoria. It comes as the RPM Group is on...

2 weeks, 6 days ago

2 min read