StockMarketWire.com - Car dealer Inchcape said revenues rose 6.2% to £2.99bn in the four months to the end of April, and 2.9% on an actual currency basis, as strength in Emerging Markets and Australasia offset weaker performance in UK & Europe.

Distribution revenue was up by 4.1% at actual currency and 9.5% at constant currency while retail revenue rose by 1.9% at actual currency and 3.6% at constant currency.

'Our Distribution profit performance has remained strong, with a good performance in Asia despite more limited permit availability in Singapore,' the company said.

Inchcape said its Central America acquisition, which closed 26 March had contributed 0.8% to group revenue.

The car dealer said its outlook for the year remained unchanged.

'We expect solid profit growth year-on-year on a constant currency basis, reflecting our resilient organic growth expectations and the accretion due to the Central America Distribution acquisition,' Inchcape said.




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