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United Motors has more than doubled its first nine months earnings over the corresponding period of last year.

In the nine months ended December 31,2005, the United Motors Group earned a profit after tax of Rs. 212.2 million which is an increase of 149% over the corresponding period last year and the company achieved a Profit After Tax (PAT) of Rs. 168.2 million, an increase of 162.4% over the first nine months of the last financial year.

This has been the highest recorded profits in the company and the Group for the first nine months of any year. It is noteworthy that the company and its subsidiaries have achieved these results in a difficult year through innovative strategies in sales, pricing, cost reduction and diversification.

At the end of December 2005, Group Assets stood at Rs. 5.5 billion reflecting a growth of 48.6% from December 2004 whilst the Group Shareholders' Funds have grown by 64.7% over the same period.

The Group Net Assets per Share which stood at Rs. 32.88 at the end of December 2004 increased to Rs. 54.14 by December 31,2005.

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