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Business News: Issue 241 5 Apr 2012

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enforcement, financial results, new car parks, APCOA

APCOA profits rose 19% in 2011, says parent firm

APCOA’s parent company Eurazeo has described the parking operator’s performance in 2011 as a “success story“.

Eurazeo, which became APCOA’s chief shareholder in 2007, reported that last year APCOA’s turnover went up 4.5% to €731m (£609m). The net profit grew by 19%, reaching €60.7m (£50.6m), said Eurazeo. The rise in profit was partly attributed to APCOA UK’s delivery of initiatives such as the restructuring of its car park...

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