Thursday, September 07, 2006
Lookers reports sharp rise in first-half profits
Lookers has reported a sharp rise in half year profits.
Turnover at the Manchester-based dealer group rose 12 per cent to £723.6m compared to the same period last year with adjusted profit before tax rising by 55 per cent to £17m.
Lookers chief executive Ken Surgenor said the results vindicated the company’s decision to rebuff Pendragon’s takeover bid earlier this year.
Lookers has appointed Phil White, chief executive of National Express, as chairman. He replaces Fred Maguire who has retired from the role.
DATED: 07.09.06
FEED: MT
Turnover at the Manchester-based dealer group rose 12 per cent to £723.6m compared to the same period last year with adjusted profit before tax rising by 55 per cent to £17m.
Lookers chief executive Ken Surgenor said the results vindicated the company’s decision to rebuff Pendragon’s takeover bid earlier this year.
Lookers has appointed Phil White, chief executive of National Express, as chairman. He replaces Fred Maguire who has retired from the role.
DATED: 07.09.06
FEED: MT
