Monday, October 23, 2006
EMH drives ahead in first half
European Motor Holdings has bucked the downward sales trend in the market with a strong set of interim results.
The group, ranked 10 in the motor trader Top 200, posted profit before tax, excluding exceptional losses, of £10.2m for the six months to 31 August – up 26 per cent year-on-year.
The margins within its motor retail division were also up from 2.9 per cent to 3.1 per cent. Chief executive Richard Palmer claimed its franchise partners continued to outperform the market, leaving the business looking forward to “a satisfactory full year outcome"
DATED: 23.10.06
FEED: MT
The group, ranked 10 in the motor trader Top 200, posted profit before tax, excluding exceptional losses, of £10.2m for the six months to 31 August – up 26 per cent year-on-year.
The margins within its motor retail division were also up from 2.9 per cent to 3.1 per cent. Chief executive Richard Palmer claimed its franchise partners continued to outperform the market, leaving the business looking forward to “a satisfactory full year outcome"
DATED: 23.10.06
FEED: MT
