Main takeaway: 2CC’s transformation is complete, having focused on margin expansion rather than market share.
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
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
