ARB Corporation (ASX:ARB) shares fell to A$28.55, experiencing their poorest intraday percentage drop since March 23, 2020.

This marks the lowest the stock has been since July 11.

The automobile accessories manufacturer reported its full-year net profit attributable of A$88.5 million, a decrease from last year’s profits of A$122 million.

The full-year sales revenue was also down, with a report of A$671.2 million compared to last year’s revenue of A$694.5 million.

However, ARB Corporation (ASX:ARB) maintained a positive outlook, indicating a healthy demand for its products among others.

Despite the recent drop, the stock has risen 30.6% this year, as per its last close.

ARB Corporation is a global leader in the manufacture and sale of 4x4 accessories.