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Cambria (AIM:CAMB) terrific results from AIM’s other motor retailer and another upgrade

24/11/2015 · Cambria Automobiles (CAMB) 
The franchised motor retailer, delivered fabulous ‘audited’ preliminary results for the year to 31 August 2015 bringing out another broker upgrade
Sales of £524m exceeded £500m for the first time as the Group strengthened its position in high luxury and premium brands. Underlying profit before tax was up 42.6% to £7.7m and underlying earnings per share up 44% to 6.09p with reported diluted eps not far behind at 6.03p. The Group now comprises 29 dealerships, representing 45 franchises and 17 brands, spanning the high luxury/premium (20 dealerships) and volume (23 dealerships) segments. For those worried about emissions issues there is no VW or Audi exposure but 1 Seat dealership! They closed the year with net cash of £1.0m (2013/14: net debt…

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