(Reuters) - British car dealer Inchcape announced a share buyback of more than 100 million pounds ($134.86 million), after it more than doubled its annual profit thanks to a strong rebound in demand for its cars.
The company said its pretax profit for the year ended Dec. 31 came in at 296 million pounds, compared with a year-ago profit before tax and exceptional items of 128 million pounds.
($1 = 0.7415 pounds)