AAA Auto Says First-Quarter Profit Jumps Fourfold as Sales Climb

AAA Auto Group NV (AAA), a Czech used-car dealership chain, said its first-quarter profit surged fourfold on higher sales of vehicles and increased revenue from financial services.

Net income for the three months ended March 31 was 2.9 million euros ($3.7 million), compared with 690,000 euros a year earlier, the Prague-based company said in an e-mailed statement today. Revenue rose 22 percent to 77 million euros.

To contact the reporter on this story: Lenka Ponikelska in Prague at

To contact the editor responsible for this story: James M. Gomez at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.