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Share Price Information for Vertu (VTU)

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Share Price: 80.90
Bid: 80.60
Ask: 81.10
Change: 0.80 (1.00%)
Spread: 0.50 (0.62%)
Open: 81.40
High: 81.40
Low: 80.10
Prev. Close: 80.10
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IN BRIEF: Vertu Motors Profit Drops As Lower Volumes Hit Revenue

Wed, 07th Oct 2020 14:40

Vertu Motors PLC - car retailer with a network of outlets across the UK - Pretax profit for six months ended August 31 totaled GBP4.0 million, just a quarter of the GBP16.1 million profit recorded the year before. Revenue falls to GBP1.12 billion from GBP1.65 billion. Half-year total used vehicles volumes down 34% year-on-year and new vehicles sales volumes down 32%. Expects to resume dividend payment in financial 2022. Well placed for the opportunities that an uncertain future offers.

Current stock price: 31.00 pence

Year-to-date change: down 18%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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