Pendragon reports profit boost

Posted on 18 Feb 2014 by Victoria Fitzgerald

Car retailer Pendragon has announced profits of up to £4.9m to £38.9m before tax in 2013. New UK retail sales grew 18 % on a like for like basis.

Trevor Finn, Pendragon CEO, said: “Continued strong performance in the used, aftersales and new sectors has generated a material step forward in profitability. Underlying profit before tax is up 21% in the period and the Group continues to achieve record used performance, with volume growth of 7%. “The Group is in a strong position with…

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