Prior to its regulatory financial results announcement AAA Auto Group NV has on November 9 reported selected financial highlights for the third quarter 2009. The listed used car dealership chain has managed to post a profit again after Q2, Portfolio Hungary reported. The results confirm a positive development noted during the course of the year as a result of the successful restructuring programme launched in 2008, AAA Auto said in a statement. AAA Auto remained profitable in Q3 and recorded a total consolidated net profit of €0.9 million, down from €1.6 million in Q2, but higher than a loss of €0.2 million in the third quarter of 2008. The net profit includes trading results from discontinued foreign operations (without adjustments for accounting charges) on turnover of €42.7 million. The company attributed the revenue erosion primarily to the traditionally weaker seasonal sales during summer months. On the annual basis total revenues plunged by 41.9% mainly as a result of decreased number of branches the company has been operating after restructuring plan implementation and withdrawing from non-profitable markets in Hungary, Poland and Romania and also due tougher market conditions. The impacts of the economical crisis are distributed unevenly across the Czech and Slovak markets. Branches in economically more stable areas such as Prague and Central Bohemia or western Slovakia recorded sales increase by approximately 10% and 6%, respect ively, whilst the total sales were dragged down by weaker performance of regional branches. Gross profit and its margin remained relatively stable in Q3 and reflect a continuing focus on the profitability of the company.