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