Weak economy weighs on 2 Cheap Cars result
Listed used-car dealer reports lower revenue and profit amid 'aggressive' discounting to sell.
Chair Michael Stiassny.
The weak economy has weighed on NZX-listed 2 Cheap Cars' annual result, with a broad decline in both annual revenue and net profit.
Its revenue in the year ended March 31 was down 6% to $82 million, while net profit slumped 41% compared with the previous year, to $3.6m.
Gross margin fell 14% to
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