StockMarketWire.com - Cambria Automobiles said it expected full-year results to top current market expectations following a sustained improvement in its used car and aftersales businesses, but continued to adopt a cautious outlook on new car sales. For the half year, the company delivered an underlying profit before tax of £5.5m, up 14.6% on the prior year, and revenues rose 4.5% to £308.3m.

'The results in the first half of our 2019 financial year have shown sustained improvement in our used car and aftersales businesses and a stabilisation in new car profitability notwithstanding the reduction in new car volumes,' the company said.

Despite a cautious on the new car market amid a 'number of external factors' that influence the sale of cars in the UK,' the company said, it remained 'confident that Cambria will maintain its momentum in the second half and the Board expects that performance for the full financial year will be ahead of current market expectations.'



At 10:16am: [LON:CAM] Camellia PLC share price was -150p at 10600p



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