From AFX News Limited

POMONA, CA -- Keystone Automotive Industries Inc., a distributor of unbranded auto parts, said Thursday its fourth-quarter profit jumped 74 percent as same-store sales increased and revenue outpaced the cost of sales.

Net income grew to $7.6 million, or 46 cents per share, from $4.3 million, or 27 cents per share, a year ago. Analysts surveyed by Thomson Financial expected earnings per share of 47 cents.

Revenue grew 18 percent to $179.9 million from $152.5 million last year, as the cost of sales only rose 14 percent to $98 million. Same-store sales increased 11.6 percent for the quarter from a year ago.

For the full year, the company posted net income of $22.3 million, or $1.38 per share, up from $14.3 million, or 90 cents per share, last year. Revenue increased 13 percent to $628.3 million from $557.7 million last year. Same-store sales rose 11.3 percent from last year.

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