Inter Cars company revealed the sales revenues recorded in September and also cumulatively for the last 9 months. So in September the sales revenues amounted to PLN 267.5m., meaning an increase of 21.9% YoY. Cumulatively the increase reached the value of 16.2%. - to PLN 2,226m from PLN 1,916m.
Subsidiary companies of Inter Cars operate, among others, in Croatia, Romania, Lithuania, Latvia and Hungary. The company deals in distribution of automotive spare parts for passenger cars, commercial vehicles and trucks. The shares of the company are listed on WSE for almost a decade.
When we were discussing the results of Inter Cars for 1H 2013 at the end of August, the chart was showing a strong increase. Since that time we can observe a consolidation limited from the bottom by PLN 157 and from the top by PLN 168. The first half a year resulted in PLN 61.55m net profit for the Group (an amount 27% higher than previous year) and PLN 86.5m. of operating profit (an increase by 15.3% YoY) and all this with sales revenue of PLN 1,628b. Inter Cars sales revenue can be calculated in one more way (the company presents it in its statement). So we need to add to above amounts the sales revenues from foreign subsidiaries and deduct consolidation exclusions. Calculating in such a way we can say that sales revenues of Inter Cars Capital Group distribution companies in September this year reached the amount of PLN 301.1m (an increase by 20% YoY), whereas between the beginning of January and end of September PLN 2.53b. (an increase by almost 16%).
source: www.finweb.pl
11-10-2013
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