8:35 pm, March 9, 2011
DEALERSHIP group Lookers have announced their annual trading results showing their profits have tripled.
The group revealed that they have finished the year with profits tripling to £31m, with revenue increasing by 7.7 per cent to £1.9bn.
Over the last 12 months, the 119 dealership strong group sold more than 100,000 cars – 58,000 were new cars and 42,000 used cars.
The firm also revealed that when scrappage was taken out, Lookers still made impressive profits.
More on this story throughout the day.
