ASX:MXI

2 stories mentioning ASX:MXIUpdated 39d ago

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MaxiPARTS Appoints Anu Parikh as Chief Financial Officer

MaxiPARTS (ASX:MXI) said it has appointed Anu Parikh as chief financial officer, starting July 7, according to a Monday Australian bourse filing.The company said Parikh has held various senior finance roles at National Australia Bank, Marlin Brands, and Incitec Pivot Fertilizers following a career at KPMG, with her most recent role being chief financial officer of IsAlb.Outgoing Chief Financial Officer Liz Blockley will remain with the business until July 10 to assist with the transition, it added.

ASX:MXI

Asia49d ago

MaxiPARTS Says Activity Levels Declined Amid Middle East Conflict

MaxiPARTS (ASX:MXI) said activity levels fell in March and have remained below earlier highs as the Middle East conflict drove uncertainty and higher costs for customers in the transport sector, according to a Friday filing with the Australian bourse.The conflict also impacted the availability of diesel in some regions of Australia, leading to a reduction in operating activity with customers deferring parts procurement and limiting servicing to essential items, the automotive supplies distributor said.The company has implemented various measures to cut costs, better manage working capital, and support profit margins in the second half of the year.MaxiPARTS expects its fiscal year 2026 results to be "broadly in line with previous guidance at an underlying profit level," the company said. It expects an operating net profit before tax of AU$13.4 million to AU$14.1 million, and revenue of AU$273 million to AU$278 million.

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