Profits slump at Nottingham car dealership giant
Pendragon, the Nottingham car dealership giant, has seen underlying profits slump by nearly 20% after suffering a slump in new car sales.
Full-year results for the firm, released this morning (13 February) show that Pendragon's profits came in at 60.4m for the year-ending 31 December 2017 - some 19.9% down on the previous year.
Across the business, profit before tax dropped by 10.5% to £65.3m.
Pendragon, which runs the Stratstone and Evans Halshaw dealerships, had issued a profit warning last October after a decline in deman... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...