RRG Group profit lift
09 January 2019
Improved results from previously under-performing dealerships saw multi-franchise retailer RRG Group report a stronger bottom line with a pre-tax profit for the year ending 31 March 2018, of £4.6 million against £4.3m 12 months before.
It saw a big drop in corporate sales which fell from £44.9m to £27.9, mainly driven by a £14.8m fall with Kia but both retail sales and service and repairs were steady at £242m and £31m respectively.
RRG has 20 dealerships but made no acquisitions during the year.
Publishing its results, the directors said: “A major contribution to the improved profitability during the year was the turnaround in the results from previously under-performing dealerships.”