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Jetcon's revenues, profits decline

The second quarter was another challenging one for car dealer Jetcon Corporation, with revenues falling 26 per cent and profits by 35 per cent.
 
For the half year, revenues declined by 22 per cent and profit by 34 per cent.
 
Revenues decreased 26 per cent to $221 million compared to $300 million in the June 2018 quarter. 
 
Jetcon said the first half of the year reversed three years of solid growth. 
 
The company said its management team has been closely monitoring the situation and is putting strategies in place to combat the downturn.


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