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Trading statements

Motorpoint forecasts profit jump

06 October 2017 07:07

Motorpoint Group said it expects to report a 64% rise in first half profit, driven by an 18% rise in revenue.

The company forecast an underlying pre-tax profit of around £10.5m, up from £6.4m in the previous corresponding period.

Two sites, Castleford and Oldbury, reached their first anniversary in the period and are both delivering an encouraging performance, Motorpoint said.

"The group has delivered more normalised margin levels in the first half compared to the same period last year, and the breadth and quality of stock on hand going into the second half of the year is encouraging," Motorpoint said.

Story provided by StockMarketWire.com

Related Company: MOTR

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