Combined Motor Holdings posts record first-half profit amid global car crunch

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Combined Motor Holdings posts bumper first-half profit amid car shortages

Combined Motor Holdings , which operates vehicle dealerships and owns First Car Rental, has more than bounced back from Covid-19 to book its best-ever first-half profit, boosted by global supply-chain issues that have restricted supply of new cars, but also put a shine on margins.

Accelerated efforts to cut costs and dispose of loss-making parts have resulted in a much better balanced business, CEO Jebb McIntosh told Business Day, but a decision not to cut too deep also paid off...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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