Australia's Repco year net profit down 43 pct

Newswire

SYDNEY, Aug 28 (Reuters) - Australian automotive parts retailer Repco Corp. Ltd. reported a 43 percent slide in annual net profit as a surge in petrol prices and higher interest rates led to weaker sales. Repco reported a net profit for the year ended June 30 of A$20.8 million ($15.8 million), down from A$36.5 million in the previous year. It did not declare a final dividend. ($1=A$1.32)

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