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Inchape expects annual profit to 'significantly' top market expectations

By BFN News | 07:22 AM | Friday 18 June, 2021


Automotive distributor Inchape said it expected to deliver annual pre-tax profit 'significantly' ahead of market consensus as performance year to date had exceeded its expectations. Market consensus for pre-tax profit was around £2.16 million. 'We expect the strong first half performance will underpin our full year results,' the company said. 'There is still a high level of uncertainty about the second half, both in terms of the pandemic situation and issues relating to supply due to shortages of semi-conductors, which have had a limited impact on the group to date,' it added. The group's interim results would be published on 29 July 2021. Story provided by StockMarketWire.com

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