Car giant to undertake review of company after profits crumble
Pendragon, the Nottingham-based car dealership giant which trades as Evans Halshaw and Stratstone, says it will undertake a "review of the operational and financial prospects" of the firm after posting a loss of £2.8m for the three months to 31 March.
The firm said the figure was around £10m lower than it expected and was brought about by "challenging trading conditions" over the period.
The firm said that its underperforming Car Store business and a higher level of operating costs also contributed to the poor performance.
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