Edition:
India

Pendragon Says Legislation, Investments Had Short-Term Dilutive Effect On Profitability


Friday, 26 Oct 2018 

Oct 26 (Reuters) - Pendragon PLC ::PENDRAGON PLC - GROUP REVENUE -7.2% L4L (-6.4% TOTAL) FOR THREE MONTHS ENDED 30 SEPTEMBER.PENDRAGON PLC - UNDERLYING PROFIT BEFORE TAX £1.1M - UNDERLYING PROFIT BEFORE TAX UP £3.0 MILLION ON QUARTER 3 2017.PENDRAGON PLC - ANTICIPATE THAT OUR FULL YEAR UNDERLYING PROFIT BEFORE TAX WILL BE APPROXIMATELY £50M.PENDRAGON- INTRODUCTION OF WLTP LEGISLATION IN NEW CAR BUSINESS AND INVESTMENT IN OUR USED CAR BUSINESS HAS HAD A SHORT TERM DILUTIVE EFFECT ON PROFITABILITY.PENDRAGON- INTRODUCTION OF WLTP LEGISLATION IN NEW CAR BUSINESS, INVESTMENT IN USED CAR BUSINESS HAS HAD A SHORT TERM DILUTIVE EFFECT ON PROFITABILITY.