MaxiTRANS Industries (ASX: MXI) is expanding the national footprint of the company’s parts business with the acquisition of Queensland Diesel Spares.
The acquisition of Queensland Diesel will establish MaxiTRANS as one of Australia’s biggest truck and trailer parts distribution and retail operations.
Here is a link to the article if you would like more information:
http://www.proactiveinvestors.com.au/companies/news/26892/maxitrans-industries-grows-truck-parts-footprint-in-australia-through-acquisition-26892.html
MaxiTRANS Slashes Guidance.
Road transport equipment group Maxitrans Industries has slashed its profit guidance, in bad news for the company’s share price.Maxitrans said on Wednesday that its profit would now be significantly lower than the guidance provided when the company delivered its interim result in February.In terms of Maxitrans’ diversified operations, the domestic market for trailers and vans has held up reasonably well, but sales of tippers across all of its brands have not shown any signs of improvement since the half year and order intake has softened further.
Maxitrans is also experiencing difficulties with its China joint venture, despite strong demand for its products. The breadth and depth of the issues facing the company suggests 2014-15 consensus forecasts which pointed to earnings per share growth of 17.4 per cent are also likely to be revised downwards.
Here is a link to the article if you would like more information:
http://afrsmartinvestor.com.au/p/shares/maxitrans_slashes_guidance_MA2gpLH4GNkKd3sHH1z4RJ
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