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... For the full story register now for free or login below...