Inchcape year profits up 9.9 pct, beat forecasts

Newswire

LONDON, Feb 26 (Reuters) - British-based car retailer Inchcape Plc beat market forecasts with a 9.9 percent rise in annual profit on Tuesday and said it looked forward to 2008 with confidence. Inchcape, which sells and distributes cars for automakers like BMW , Mercedes-Benz , Honda and Toyota , said headline pretax profit was 235.1 million pounds ($461.8 million) in 2007, up from 213.9 million in 2006. The company had been expected to report profits of around 228.5 million pounds ...

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