12th Jan 2016 08:40
LONDON (Alliance News) - Marshall Motor Holdings PLC on Tuesday said it has seen a further material improvement in its profitability in the second half and is set to meet its expectations for 2015.
The car dealer and leasing company said its retail and leasing divisions both improved year-on-year in 2015, though this has been offset partially on the bottom line by a rise in costs for the group related to its stock-market float in London in April.
Marshall Motor said it still expects a big improvement in profitability in the year to the end of December, despite the costs, and maintained its expectations for 2015.
Marshall Motor will publish its annual results on March 17.
Shares in Marshall Motor were untraded early Tuesday, having last traded at 180.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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