Lookers reveals slight dip in profits but revenues rise

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Lookers reveals slight dip in profits but revenues rise
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Lookers saw its profits slip despite a rise in revenue in the first half of 2023.

The car dealership group, includes Mercedes-Benz dealerships in Shrewsbury, Stourbridge, Walsall and Wolverhampton, and BMW in Stafford, said half-yearly revenue grew 8 per cent to £2.42bn pounds in the six-month period to June 30.

However underlying pre-tax profit slipped 2.3 per cent to £46.1m from £47.2m in the first half of 2022. "I would like to thank the entire Lookers team for their amazing contribution and dedication to the company.

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