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AfricaMoney | July 27, 2017

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ABC motors pre-tax profit surges 71% for the financial year of 2015 proving its resilience by maintaining growth.

ABC motors pre-tax profit surges 71% for the financial year of 2015 proving  its resilience by maintaining  growth.

With an improvement of 71% of its before tax earnings for the financial year of 2015, ABC Motors Co. Ltd has proved its resilience by maintaining its growth in spite of economic, financial and political challenges.

The total revenue of ABC Motors Co. Ltd and its associated companies amounted to Rs 1.72 billion for the financial year 2015.

Profit which stood at Rs 41.6 million in 2014 shows a 71% progress.

“Our strategic decision of setting up a new showroom, service workshop and parts centre at the ABC Car Gallery in Phoenix along with the arrival of a renewed lineup of models, particularly SUVs and Crossovers have contributed in the increase of our revenue by 26%”, comments the Executive Director Dean Ah-Chuen.

In fact, the company sold 211 additional new vehicles compared to the previous financial year which represents a growth of 16% from 2014 while the automobile industry growth for the calendar year 2014 recorded an increase of 8%.

This outstanding performance has not been easy for ABC Motors since the financial year 2015 witnessed persistent challenges which impacted the domestic market from the slowdown of the local economy due to political transition to a stronger US dollar on the international scene.

 

In spite of this climate of uncertainty the increase in profitability was sustained essentially by a remarkable improvement in the revenue and profit level of the company along with a commendable growth in the performance of the associated companies of the group for the year.

The growth strategy of the company targeted after-sales as key to development and growth as explained by the management:”Our enhanced after-sales facilities both in terms of infrastructure and equipment have contributed to a substantial growth, which reinforces our belief that after-sales is an important player in our business model, both in terms of profit sustainability and in securing better value for our customers.”

ABC Motors is determined to go further and achieve better financial results for the coming financial year. Putting customers and quality products at the forefront of the business has proved to be a very good approach which the group will keep on improving in the future. With trusted brands like Nissan especially 4 new models of crossovers in the line-up of the company, Dean Ah-Chuen foresees “visible growth on the horizon” for 2016.

 

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