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Pendragon releases results

Pendragon, the UK’s largest dealership group (No 1, AM100), today reports interim results for the six months to June 30, 2004.

 Highlights included:


  • Turnover of £1,601 million (2003: £948 million)
  • Profit before tax, goodwill & exceptionals up 52% to £36.7 million (2003: £24.2 million)
  • Underlying operating margin 3.1% (2003: 3.2%)
  • Profit before tax up 71% to £40.6 million (2003: £23.7 million)
  • Basic earnings per share up 76% to 22.4p (2003: 12.7p)
  • Dividend up 10.5% to 4.2 pence per share
  • Strong operating cash flow of £106.1 million (2003: £48.4 million)

  • Successful integration of CD Bramall

    Trevor Finn, chief executive, says: “Following the acquisition of CD Bramall at the beginning of March this year we have maintained our focus on the group’s profitability to produce an excellent set of results. We have already started to realise the benefits of the acquisition in the enlarged group, and look forward to taking the opportunities we have to generate further economies of scale and achieve another set of good results for the year.”

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