Listed used car dealer Jetcon Corporation is reporting increased revenues and profit during the second quarter of its financial year.
Revenues increased 52 per cent to $291.9 million during the April to June period when compared to last year.
Net profit amounted to $42.7 million up from $21.5 million a year ago.
Jetcon says its inventory of motor vehicles and parts increased since June 2016 to $336 million.
It says this is a deliberate strategy to increase choice for customers which is expected to grow sales.