Profit at the car seller fell 18 per cent in the first half of 2019 to £9.4m, down from £11.5m for the same period last year.
However, the company saw a marginal increase in revenue of one per cent, from £528.6m to £533.9m this year.
The group's cash flow from operations grew to £25.9m, a conversion rate of 233 per cent, due to an improvement in stock days in the period. Earnings per share also fell 14 per cent to 8p, although the company did raise its dividend by four per cent to 2.6p.
Despite a challenging period for sales due to a lack of consumer confidence, the Derby-headquartered company said that it had made progress in improving its processes.
During the period the firm opened a 10-acre preparation centre in
Group founder and non-executive director
Shares rose 3.5 per cent to 265p.
(c) 2019 City A.M., source