ARB Corporation (ASX:ARB) reveals its net profit for the fiscal year to be A$88.5 million, in comparison to A$122 million from the previous year.

The company’s sales revenue was reported at A$671.2 million, in contrast to A$694.5 million a year earlier.

The corporation has also declared a final dividend of 30 AU cents per share.

With an optimistic outlook, ARB Corporation expects growth in sales and profits for the 2024 financial year owing to the enduring healthy demand for its products.

ARB Corporation is a renowned designer and manufacturer of 4x4 accessories with a global portfolio of high-quality product solutions.