Lloyd Motor’s profits up 17.9%

  07 August 2019

North of England based Lloyd Motor Group saw a 17.9% increase in pre-tax profits last year to hit a figure of £9.8 million, according to the firm’s latest results.

The gain comes on the back of a 3.7% increase in turnover to £562m from £541m in 2017.

Lloyd operates six BMW Mini businesses and also holds the Jaguar Land Rover, Volvo and Honda.

Managing director Bryan Lloyd added: “The directors look forward to improving the level of profitability in 2019 subject to the overall market and economic trading conditions remaining similar to 2018.”

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