AAA Auto Group Profit Rises 53% as Margins on Cars Advance
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AAA Auto Group NV, a chain of used-car dealerships in central and eastern Europe, said profit rose 53 percent in the first nine months of the year as the company focused on best-selling models to boost margins.
Net income for the first three quarters rose to 5.2 million euros ($6.9 million) from 3.4 million euros in the year-ago period, the company said today on its website. Revenue rose 35.4 percent to 201.5 million euros.