Monday, August 07, 2006
Inchcape announces record profits
Inchcape, the global automotive retailer, has reported record profits in the UK for the first six months of the year.
Its UK retail business grew trading profits by 49.1 per cent, achieving a record trading margin of 2.8 per cent.
Year-on-year sales rose 5.2 per cent to £783m - trading profit increased to £23.2m from £15m a year earlier. Australia, Greece and Belgium also reported record results as overall sales for the company rose 8.1 per cent year-on-year to £2.44bn.
DATED: 07.08.06
FED: MT
Its UK retail business grew trading profits by 49.1 per cent, achieving a record trading margin of 2.8 per cent.
Year-on-year sales rose 5.2 per cent to £783m - trading profit increased to £23.2m from £15m a year earlier. Australia, Greece and Belgium also reported record results as overall sales for the company rose 8.1 per cent year-on-year to £2.44bn.
DATED: 07.08.06
FED: MT
