4 October 2023 - interim results

The AIM-listed motor retailing group has announced the interim results for the six months to 31 August with revenue increasing by 21.1% to £2.42bn and adjusted pre-tax profits rising by 11.7% to £31.5m.  Earnings per share on the same basis were 6% higher at 6.89p and the interim dividend was raised by 21.4% to 0.85p.  Net debt at the end of the period was £90.7m compared with £75.4m six months earlier.  These are clearly impressive figures and trading in September has also been solid . . .

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