StockMarketWire.com - Car retailer Lookers missed its expectations as half-yearly profits fell by more than expected amid an ongoing backdrop of challenging UK market conditions.

For the six months ended 30 June 2019, underlying pre-tax profits fell 27.5% to £29.2m, while revenue increased 2.7% to £2.65bn.

That was below the company's expectations for underlying profit before tax to fall to £32m in the first half of the year.

New car unit like-for-like sales fell 1.2% versus the UK market decline of 3.4%. while aftersales saw like-for-like revenue growth of 6.2%.

The interim dividend was maintained at 1.48p.

'The board's current outlook for the full year at the underlying profit before tax level remains unchanged,' the company said.


At 9:03am: [LON:LOOK] Lookers PLC share price was +0.6p at 43.25p



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