June was another consecutive month in which the distribution of automotive spare parts recorded a double-digit growth in sales.
In previous month sales revenues of the distributor went up by 25.5 percent yty, reaching the level of PLN 392.5 million. The driving force of the increase is foreign sales, where the Group recorded an increase in sales by 46.6 percent.
Sales results published during the Thursday’s trading session impressed all investors. During listing session on Friday, the share price of Inter Cars was around PLN 229.90; 4.5 percent more than during previous exchange days. Increased turnover came with the listing.
The result is mainly thanks to increasing sales in foreign daughters which are operating on several foreign markets of the region. Their sales revenue in the period of the first six months of this year went up by 38.3% in comparison to the previous year, whereas domestic sales went up only by 11.2%. Sales on Polish market is still almost two thirds of total revenue of the Group, but this share is constantly decreasing. Daughter companies in Hungary and Bulgaria had the biggest increase of sales revenues. Sales went up by 129.7% and 103% respectively. In the first half of the year the total sales revenues of the whole Capital Group went up by 17.6 percent, to PLN 2.15bn.
In the whole year 2014 the Company generated a consolidated net profit amounting to PLN 177.4m, in comparison to PLN 147.8m profit for the same period a year ago, at sales revenues of PLN 3.94bn this year, from PLN 3.5bn a year before.
Source:parkiet. com
2015-07-10
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