Wednesday, November 29, 2006
Caffyns back on track with interim results
Caffyns, ranked 50 in the Motor Trader Top 200, reported a dip in pre-tax profits from £922,000 to £829,000 for the half-year ended 30 September.
Underlying pre-tax profit, however, was up from £637,000 to £643,000 as was turnover. Chairman Brian Carte said the group’s physical restructuring of its properties affected by MG Rover was now complete.
He said: “We are still some way from delivering the full potential of our new franchises but can now concentrate on doing so without distraction, which should lead to an improved trading performance for the year."
DATED: 29.11.06
FEED: MT
Underlying pre-tax profit, however, was up from £637,000 to £643,000 as was turnover. Chairman Brian Carte said the group’s physical restructuring of its properties affected by MG Rover was now complete.
He said: “We are still some way from delivering the full potential of our new franchises but can now concentrate on doing so without distraction, which should lead to an improved trading performance for the year."
DATED: 29.11.06
FEED: MT
