Shares of Inter Cars at an all-time high
22 October 2013, 09:29
During trading session on Monday the shares of automotive spare parts distributor went up by over 7.5% reaching the price of PLN 190. This is an al-time high for shares of Inter Cars on Warsaw Stock Exchange.
The buyers were stimulated by September sales results which were published on Friday. For the first nine months total revenue of Inter Cars went up by almost 16%, to PLN 2.53 billion.
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 between January to September went up by 26.2% in comparison to previous year, whereas domestic sales went up only by 14.4%. Sales on Polish market is still two thirds of total revenue of the Group, but this share is constantly decreasing.
In the first half a year Inter Cars made a profit of PLN 61.5m on sales revenue of PLN 1.6b. The Company informed that it expects to exceed PLN 3.4b in revenues for 2013.
source: www.parkiet.com
14-10-2013
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 between January to September went up by 26.2% in comparison to previous year, whereas domestic sales went up only by 14.4%. Sales on Polish market is still two thirds of total revenue of the Group, but this share is constantly decreasing.
In the first half a year Inter Cars made a profit of PLN 61.5m on sales revenue of PLN 1.6b. The Company informed that it expects to exceed PLN 3.4b in revenues for 2013.
source: www.parkiet.com
14-10-2013
