D'Ieteren dampened by car dealer inventory cuts, promotions

Newswire

BRUSSELS, Aug 29 (Reuters) - Belgium's D'Ieteren repeated its outlook for a decline of profit this year after a first half dampened by car dealers cutting inventories and boosting promotions due to competition. The owner of car window repair company Autoglass and Belgium's largest car distributor D'Ieteren, said first-half sales slipped 1.2 percent to 2.98 billion euros ($3.94 billion) and its current pre-tax profit fell 7.3 percent to 119.6 million euros. The ...

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