5 October 2022 - interim results

Interim results, covering the six months ended 31 August 2022, have been released by the AIM-listed automotive retailer.  Revenue was £1,999.7m versus £1,924.1m in the same period a year earlier.  Adjusted profit before tax was £28.2m, down from £51.8m, with adjusted basic earnings per share of 6.50p, down from 11.32p.  The interim dividend was nudged up from 0.65p per share to 0.70p.  Net tangible assets per share were 71.2p (28 February 2022: 66.8p) reflecting an ongoing strong balance sheet and cash generation . . .

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