Tag Archives: CAF

Morocco eliminate Tunisia in African Nations Championship

African Nations Championship (CHAN) holders Tunisia were eliminated this weekend in the first qualifying round.

They drew 0-0 away to Morocco in the second leg, but fell 1-0 on aggregate after losing at home last Saturday.

Packed with stars from CAF title-winning clubs Esperance, Etoile Sahel, CS Sfaxien, Club Africain and CA Bizertin, Tunisia were expected to advance.

But a last-minute breakaway goal from striker Abdessamad Mbarki in Mediterranean resort Sousse proved decisive over two defence-dominated games.

Tunisia won the second edition of the tournament for home-based footballers with a 3-0 drubbing of Angola in Sudan two years ago.

But coach Nabil Maaloul chose only goalkeeper Farouk Ben Mustapha from the title-winning squad to confront the Moroccans.

The 16-nation 2014 tournament is scheduled for January 11-February 1 in South Africa and Morocco will appear at the finals for the first time.

South Africa qualify automatically as hosts and Ghana and Libya have secured places after opponents Benin and Algeria withdrew.

Uganda are set to join them after building a 1-0 away advantage over Tanzania in an east Africa derby.

Midfielder Brian Majwega was the architect of the 48th-minute winner, setting up defender Denis Iguma to fire across goalkeeper Juma Kaseja into the net.

Tanzania had more possession in the eagerly anticipated Dar es Salaam showdown, but were let down by woeful finishing.

Mrisho Ngasa was repeatedly off target with long-range shots and striker John Bocco also disappointed when offered scoring opportunities.

It was the third consecutive victory for Serb coach Milutin Sredojevic since succeeding sacked Scot Bobby Williamson as Uganda coach last month.

He guided the ‘Cranes’ to World Cup qualifying wins over Liberia and Angola, and a victory over Senegal during September would take them to the play-offs.

However, Sredojevic cautioned against premature celebrations, especially given the Ugandan habit of snatching defeat from the jaws of victory.

“By winning the first leg we have got only the passports for South Africa and now we need to get the visas by winning the return match,” he told reporters.

Ethiopia host Rwanda later on Sunday in the remaining fixture this weekend with second-leg fixtures scheduled for late July.

…read more

Source: FULL ARTICLE at Fox World News

CarMax Reports Record Fourth Quarter and Fiscal Year Results

By Business Wirevia The Motley Fool

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CarMax Reports Record Fourth Quarter and Fiscal Year Results

RICHMOND, Va.–(BUSINESS WIRE)– CarMax, Inc. (NYS: KMX) today reported record results for the fourth quarter and fiscal year ended February 28, 2013.

  • Net sales and operating revenues increased 14% to $2.83 billion in the fourth quarter. For the fiscal year, net sales and operating revenues increased 10% to $10.96 billion.
  • Used unit sales in comparable stores increased 6% in the fourth quarter and 5% in the fiscal year.
  • Total used unit sales rose 12% in the fourth quarter and 10% in the fiscal year.
  • Total wholesale unit sales increased 7% in the fourth quarter and 3% in the fiscal year.
  • CarMax Auto Finance (CAF) income increased 15% to $76.0 million in the fourth quarter. For the fiscal year, CAF income rose 14% to $299.3 million.
  • Net earnings grew 13% to $107.2 million in the fourth quarter. For the fiscal year, net earnings increased 5% to $434.3 million. The growth in net earnings per diluted share was similar to the net earnings growth, up 12% to $0.46 per share in the fourth quarter and up 4% to $1.87 per share for the fiscal year.

“We are pleased to report solid increases in used and wholesale vehicle unit sales and CAF income, which allowed us to achieve record earnings for both the fourth quarter and the fiscal year,” said Tom Folliard, president and chief executive officer. “We believe our long-term focus on developing associates, enhancing the customer experience, driving efficiencies, and building our store base continues to drive great results.”


Fourth Quarter Business Performance Review


Sales
. Used vehicle sales growth remained strong, with total used units climbing 12% and comparable …read more

Source: FULL ARTICLE at DailyFinance