Vertu Motors (AIM:VTU) record half year results and broker upgrades
The Group now has a network of 119 sales and aftersales outlets across the UK and is therefore a substantial automotive retailer.
Revenues increased 14.0% to £1,236.1m, with profit before tax up 28.1% to £16.4m and earnings per share up 27.8% to 3.82p. Acquisitions in the period accounted for £20.6m of revenue growth and those businesses acquired in the prior year contributed further revenues of £94.4m. Core Group revenues grew by 5.2% (£54.5m), reflecting…
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