4:50 am, May 14, 2014
DEALER group Cambria Automobiles has increased underlying profit before tax by 45 per cent to £2.02m.
The company’s interim results for the six months ended February 28, 2014, showed that revenue was up 14.3 per cent to £204.8m over the period.
The rise in revenue came off the back of growth in new vehicle sales which were up by 17.1 per cent and used sales up nine per cent.
Mark Lavery, chief executive of Cambria, said: ‘We have improved performance across all areas of the business and outperformed a growing UK new car market.
‘Post period end, trading results in the key month of March were ahead of plan and the previous year and the board is confident of maintaining momentum in the second half.
‘In line with our strategy to improve the favourable mix of Cambria’s portfolio, we continue to focus on further strengthening the group’s position in luxury and premium brands and are actively exploring acquisition opportunities which have the potential to fulfil our ambitions.’
