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Why the Apollo Tourism & Leisure (ASX:ATL) share price crashed 18% lower today

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One of the worst performers on the Australian share market on Tuesday was the Apollo Tourism & Leisure Ltd (ASX: ATL) share price.

The shares of the vertically integrated manufacturer, rental fleet operator, wholesaler and retailer of recreational vehicles (RVs) sank 18% to 30 cents.

This means the Apollo Tourism & Leisure share price has now wiped out all its 2021 gains.

Why did the Apollo Tourism & Leisure share price sink lower?

Investors were heading to the exits in their droves on Tuesday following the release of a disappointing half year result.

According to the release, for the six months ended 31 December, the company reported an 18.8%…



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