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
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Vertu (VTU)