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Car dealership Inchcape says benefits from fall in the pound

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 27 (Reuters) - Car (HKSE: 0699-OL.HK - news) dealership chain Inchcape said its performance was boosted by the fall in the value of the pound since Britons voted to leave the European Union (KSE: 000910.KS - news) .

The company, which operates in Britain, parts of Europe, Australasia, Asia and some emerging markets, posted a 15 percent increase in third-quarter revenue to 2 billion pounds ($2.4 billion), helped by the depreciation of the currency.

"With (Other OTC: WWTH - news) over three quarters of profits denominated in currencies other than sterling, our reported actual currency performance is benefiting from sterling's weakness," the firm said on Thursday. ($1 = 0.8183 pounds) (Reporting by Costas Pitas)