Lookers PLC - Altrincham, Cheshire-based motor retail and aftersales service provider - Revenue in 2020 falls 23% to GBP3.70 billion from GBP4.81 billion. However, Lookers swings to pretax profit of GBP2.0 million from GBP45.7 million loss. Non-underlying items fall to GBP12.1 million from GBP49.7 million. Decides against dividend after 1.48 pence payout in year prior. Notes it outperforms UK retail new car market and hails "significant restructuring activity". Lookers says, looking ahead: "Notwithstanding these uncertainties given the strength of performance during the first half of 2021 the board remains confident about the outlook for the remainder of 2021."
Current stock price: 71.20 pence
Year-to-date change: up sharply from 21.00p
By Eric Cunha; ericcunha@alliancenews.com
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