Motorpoint Profits Down 18%

Motorpoint Profits Down 18%.

ARC Recruitment

For the six months to 30 September the car retailer posted £534 million in revenue, 1% higher than the same period last year, while pre-tax profit dropped 18% to £9.4 million.

The latter was hit by overheads which were £2 million higher than last year.

Meanwhile, founder David Shelton will retire as a non-executive director at the end of December. He stepped down as an executive director in March 2018.

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