For the year ended December 31, 2007, the Company reported net sales increased 49% to approximately $106.5 million compared to $71.5 million for the same year ended December 31, 2006. For the same period, the Company reported a net profit increase of 47% to approximately $822,000 or approximately $.03 in diluted earnings per share, compared to $559,000 or $.02 in diluted earnings per share.
The company attributed the growth in sales to its new and used vehicle trading segment, with significant increases in deliveries of Ferrari's 8- cylinder models, the F430 and F430 Spider, together with the sellout performance of the new Ferrari 12-cylinder, the 599 GTB Fiorano. The launch of the Maserati GranTurismo also fueled the growth of sales in 2007.
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