UPDATE 1-Sales, margin growth buoy Australia Repco H1 profit

Newswire

(Adds detail, changes dateline) SYDNEY/WELLINGTON, Feb 18 (Reuters) - Automotive parts retailer Repco Ltd posted a 29 percent rise in first-half net profit before significant items on Wednesday, driven by strong sales growth and wider margins. Repco Chairman Michael Brown said the result was in line with expectations and put Repco, which relisted in Australia and New Zealand in November 2003, on track to meet its prospectus forecast for the 2004 financial year. "We remain confident the ...

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