Boost for Ugland

Tuesday 18 August 1998 00:02 BST

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THE FAR EAST'S currency devaluations and low oil prices helped boost interim profits by 77 per cent at Ugland International.

The group, which operates seaborne car carriers, also revealed plans for a new Florida-based venture to export quality used cars to Latin America, Africa and the Middle East. Ugland's pre-tax profits hit pounds 11m.

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