SG Fleet beats prospectus forecast
Car fleet manager and salary packager SG Fleet has just beat its prospectus forecasts by 1.4 per cent to post a $35.4 million profit in its first results after listing in March.
Proposals to cut tariffs on used car imports will have little impact on earnings according to Robbie Blau , the chief executive of car fleet manager and salary packager SG Fleet .
The resale value of cars it leases accounts for about 10 per cent of its revenue and analysts have raised concerns a Productivity Commission proposal to remove restrictions on used car imports may reduce car prices and hit the revenue of the newly floated company.
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