National motor retailer Lookers has announced strong business growth. Across its three operating sectors; new, used and aftersales. With an increased adjusted profit before tax of 18% for the six months ending 30 June 2017.
The group is confident of further growth for the month of September.
Lookers operates 153 franchised dealerships across the UK and Ireland, representing 32 manufacturer brands.
Revenue increased 5% to £2.46 billion from 2016 – £2.34 billion. With growth from new and used cars, as well as aftersales
*Operating profit from continuing operations increased 13% to £58.1 million from 2016 – £51.6 million.
*Adjusted profit before tax from continuing operations increased 18% to £50.2 million from 2016 – £42.6 million.
Profit before tax from continuing operations increased by 14% to £44.6 million from 2016 – £39.2 million. Profit before tax of £44.6 million from 2016 – £46.7 million.
Andy Bruce, Chief Executive of Lookers, said:
“I am pleased to announce an excellent set of results for the first half of the year with growth across all areas of the business. We continue to produce record levels of profit which is evidence of the success of our expansive and resilient business model.