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Trading statements

Motorpoint on track

26 July 2017 08:28

Independent vehicle retailer Motorpoint (MOTR) said improved trading performance in the second half of the financial year has continued into the first quarter.

Chairman Mark Morris said the rate of sales growth has been maintained and the group's gross margins remain in line with its expectations.

He said recent site openings in Castleford, Oldbury and Sheffield are continuing to develop and are building momentum.

"Following the encouraging first quarter, the board remains cautiously confident in delivering a full year performance in line with our expectations," Morris added.

At 8:28am: (LON:MOTR) Motorpoint Group Plc share price was +1.75p at 142.5p

Story provided by StockMarketWire.com

Related Company: MOTR

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