AAA Auto Says First-Quarter Profit Jumps Fourfold as Sales Climb
By Lenka Ponikelska -
2012-05-21T08:08:24Z
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 lponikelska1@bloomberg.net
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.