Inchcape sees demand in Asia

Car dealer Inchcape posted a higher full-year profit yesterday as demand for premium vehicles in the Asia-Pacific and emerging markets drove growth, offsetting supply issues in Japan. Inchcape said it was confident of its earnings growth potential in 2012, helped by continued exposure to fast-growing emerging economies and market share gains driven by new products from its brand partners. The London-based firm, which sells and distributes cars for manufacturers such as Toyota, Mercedes-Benz and BMW in 26 countries, said it would pay a final dividend of 7.4p, taking its total dividend to 11p, up two-thirds from a year ago.