Car dealership group suffers pre-tax profits fall, despite better revenues

Andy Bruce
Lookers, the Altrincham-based car sales and parts group, reported a fall in pre-tax profits today. Announcing annual results to December 31, 2018, the nationwide business revealed a 9% decline in profits before tax of £53.1m, despite a 4% uplift in turnover, from £4.67bn to £4.88bn. Shareholders will still enjoy a 5% improvement in the total dividend of 4.08p per share. The group said its total new car turnover decreased by 3.3% and 3% on a like-for-like basis, with gross profit per unit increasing. Total used car turno... You can carry on reading 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...