RPM Automotive beats own revenue forecast with record third quarter, led by strong year-on-year growth across all divisions
It is on track to meet its fourth-quarter FY21 projections and plans to continue with its acquisition strategy to support its expansion. During the quarter, the company acquired Traralgon Tyre Service to support its Wheels and Tyres Divisional growth
RPM Automotive Group Ltd (ASX:RPM) beat its own revenue forecast in the March quarter, delivering record revenue, up 59% to $14.5 million, with strong year-on-year growth reported across all divisions.
Its strong balance sheet supports its growth initiatives, with $4.45 million cash as of March 31, 2021.