Pendragon Plc (PDG.L) Tuesday reported full-year pre-tax profit of 37.8 million pounds, up 58 percent from 24.0 million pounds in the same period last year. Underlying pre-tax profit for the year was 36.4 million pounds, up 18 percent from last year.
Profit attributable to the company dropped to 29.0 million pounds or 1.9 pence per share from 39.8 million pounds or 3.7 pence per share last year.
Underlying profit for the year was 28.4 million pounds or 2.0 pence per share.
Revenues totaled 3.64 billion pounds, up from 3.47 billion pounds last year.
The company also announced appointment of Mel Egglenton as chairman designate of motor retail group. Egglenton succeeds Mike Davies, who will retire from the Board and as Chairman at the 2013 AGM on May 22.
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by RTT Staff Writer
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