Fleet News

Sytner's maiden results impress

NEWLY-floated prestige dealer group Sytner has posted impressive maiden results just three months after securing a London Stock Exchange listing late last year. The Leicester-based group reported a 199% increase in pre-tax profits in the 12 months to December 31 on turnover up 50%.

Improving margins on the prestige marques Sytner helped lift profits from £2.67 million to £7.97 million, although a property disposal netted £1.4 million. Turnover increased from £145 million to £217.8 million.

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