Thursday, May 15, 2008
Vertu confident after first year of trading
Vertu Motors has reported small pre-tax profits of £140,000 from a turnover of £677.2 million turnover from November 1 2006 to February 29, 2008.
The group said the results reflected the fact it only started trading from March 27, 2007 when it purchased the commpany it trades as, Bristol Street Motors Group.
Bristol Street new retail car volumes were up 10.6% on a like for like basis and used retail car volumes were up by 23.6% on a like for like basis.
Vertu made operating profits before exceptionals of £3.1m in its first 11 months of trading, which excluded the peak trading month of March 2007.
Vertu’s share price rose by 4.6% after the announcement of the results.
DATED: 15.05.08
FEED: AM
The group said the results reflected the fact it only started trading from March 27, 2007 when it purchased the commpany it trades as, Bristol Street Motors Group.
Bristol Street new retail car volumes were up 10.6% on a like for like basis and used retail car volumes were up by 23.6% on a like for like basis.
Vertu made operating profits before exceptionals of £3.1m in its first 11 months of trading, which excluded the peak trading month of March 2007.
Vertu’s share price rose by 4.6% after the announcement of the results.
DATED: 15.05.08
FEED: AM
