Sytner profits up threefold in year before flotation
Friday 13 March 1998
The group made a pre-tax profit of pounds 7.97m in 1997, a 198-per-cent increase on the pounds 2.67m it made in the previous year. Underlying profits, excluding an exceptional pounds 1.37m profit on the disposal of a freehold property, grew 147 per cent to pounds 6.6m.
Frank Sytner, the chairman, said trading had started well so far this year, adding: "Results are currently ahead of our internal budgets and the prospects for the remainder of the year continue to be encouraging. We remain committed to growth in partnership with great marques and to delivering value to our shareholders."
"We will continue to grow our business by acquisition but only when we can do this prudently and when our stringent investment criteria can be met....
We remain committed to growth in partnership with great marques and to delivering value to our shareholders."
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...