Moroccan car dealer Nejma H1 profit down 18 pct

Newswire

RABAT, Sept 18 (Reuters) - Morocco's fourth largest car dealer, Auto Nejma , said on Wednesday net profit fell 18 percent to 12.8 million dirhams ($1.2 million) in the first half of 2002.

Turnover of the firm, which is the exclusive dealer for Germany's Mercedes Benz and South Korea's Daewoo in Morocco, fell almost four percent to 211 million dirhams, it said in a published statement.

Industry analysts attributed the results to a decline in sales of new cars due to ...

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