WeBuyCars suffers loss as JSE listing costs bite, but sales hit new record
While its April listing on the JSE contributed to a half-year loss, vehicle dealer WeBuyCars has managed to cut its debt by a fifth.
On Monday, the company posted a 27% increase in core headline earnings to R402 million in the six months to end-March and a revenue hike of almost 16% to R11.4 billion. The group said it continued to gain market share amid an expanding footprint, with monthly sales volumes surpassing 14 000 units in two of the last three months.South Africans need to be in the know if we want to create a prosperous future.
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