Australia's Bapcor still finding NZ a happy hunting ground

Wed, 13 Feb 2019

By Paul McBeth Feb. 13 (BusinessDesk) - Australia's Bapcor is still enjoying strong earnings growth from its New Zealand autoparts business and opened another two stores as it chases market share. The local arm of the autoparts supplier lifted earnings before interest, tax, depreciation and amortisation 21 percent to A$12 million on a 4.9 percent gain in revenue to A$86.3 million in the six months ended Dec. 31. Victoria-based Bapcor established a beachhead in New Zealand when it bought Hellaby in 2016 for $352 million, acquiring a p...

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