Combined Motor Holdings pleased with earnings growth as new car sales fall
22 October 2019 - 11:52
Combined Motor Holdings (CMH), whose brands include First Car Rental, said on Tuesday it was pleased with marginal revenue growth in its six-months to end August, given that SA consumers are increasingly avoiding getting new vehicles.
Revenue rose 2.6% to R5.7bn, the company said, with its focus on used vehicles resulting in sales volume growth of 1.8%...
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