D'Ieteren sees 2012 pretax profit down by a quarter

Newswire

BRUSSELS, Feb 28 (Reuters) - Belgium's largest car distributor D'Ieteren forecast that pretax profit would decline by a quarter in 2012 due to lower expected car sales after the expiry of a tax incentive scheme for eco-friendly vehicles. For last year, its pretax profit rose 8.4 percent to 297.4 million euros ($399.2 million), driven by strong car sales as customers profited from the government subsidies, D'Ieteren said on Tuesday. That was slightly less than the 303 million euros expected ...

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