Monday, September 03, 2007
Lookers achieves record half-year results
Lookers has recorded record first half year interim results, with the dealer group seeing operating profit up 40 per cent from £18.8m to £25m.
The publicly listed company's results are in stark contrast to Pendragon, the country's biggest dealer group which recently recorded an £18m slump in half-year pre-tax profits, with new car sales for the period up 6 per cent.
“I am delighted to report that Lookers has continued to outperform the market and achieved record results for the period, in line with expectations,” said Ken Surgenor, chief executive.
“This excellent performance is testament to the success of our proven strategy. We remain dedicated to the further development of our complementary businesses through both organic growth and acquisitions".
DATED: 03.09.07
FEED: MT
