2 Cheap Cars drives record annual result due to margin expansion
Used car dealer’s transformation complete as CEO changeover nears.
Departing 2 Cheap Cars CEO Paul Millward has led a transformation at the company recently.
Used-car dealer 2 Cheap Cars has reported a record annual net profit after tax of $6.2 million despite a 2% dip in vehicle sales.
The NZX-listed company’s ‘revenue and income’ line jumped 5% to $86.8m for the 12-month period to the end of March, with ‘sale of cars’ accounting for $78.8m of
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