Inter Cars profit way up

Q3 consolidated net profit was up substantially for Inter Cars Group, the Polish press reported on Tuesday. Profit increased to PLN 67.52 million, from PLN 60.07 during the same quarter in 2015. During Q1, profit increased to 181.46 million from 148.27 million. The company, a distributor of spare parts for cars and trucks, has opened 75 new branches in Poland during its 12 months of operations in the country. “As in the first three quarters of 2015, [we are] seeing faster growth [Q1-Q3 of 2016] …sales of Inter Cars’ Polish export sales grew by 7.6 percent in the first nine months of 2016 compared to the same period in 2015,” the release stated. The company debuted on the Warsaw Stock Exchange in 2004. In 2015, it recorded PLN 4.80 billion in consolidated revenue.