Bapcor (ASX:BAP) announced financial results for the full-year ended 30 June 2022.
The principal activities of Bapcor were the sale and distributor of vehicle parts, accessories, automotive equipment, service and solutions.
On 6 December 2021, it was announced on the Australian Securities Exchange (ASX) that the Chief Executive (CEO) and Managing Director, Darryl Abotomey would retire.
On 8 February 2022, it was also announced that the Bapcor Board had appointed Mark Bernhard as non-executive director of Bapcor (effective 1 March 2022).
During FY22, Bapcor has invested in new technology with the commencement of the construction of a state-of-the-are distribution centre in Queensland.
In addition, during FY22, Bapcor has opened an additional 31 locations.
The Board has declared a final dividend in respect of FY22 of 11.5 cents per share, fully franked. The final dividend will be pain on 16 September 2022 to shareholders registered on 31 August 2022.
Bapcor delivered a record result in line with market guidance with a FY22 pro-forma net profit after tax (NPAT) of $131.6M, despite Covid-impacts during the year, tight labour markets and ongoing global supply chain disruption.
Following the announcement the company?s share price fell 2.040%.