Mega dealer United Auto Group Inc. (UAG) reports a 139% increase in net income, a 90% jump in earnings per share and a 19% rise in revenue for first quarter 2002, despite a slight decline in new and used vehicle sales in the U.S. Revenues for the period totaled $1.6 billion, pushing net income to $15.7 million, or $0.40 per share. Chairman Roger Penske credits UAG’s March acquisition of the Sytner Group, a luxury U.K. auto retailer, and the combined equity and debt transactions that ...
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