StockMarketWire.com - Auto retailer Pendragon booked a 42% slide in first-half profit as fragile consumer confidence weighed on sales of new cars.

Pre-tax profit for the six months through June fell to £27.3m, as revenue edged back 0.2% to £2.45bn.

Used car sales grew 1.2% but new car sales fell 1.6%.

The company declared an interim dividend of 0.80p per share, up from 0.75p on-year.

'We anticipate our performance in 2018 to be in line with expectations with an improved performance in the second half driven by an improving trend in used cars and new cars and further operating cost savings,' Pendragon said.








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