Fleet News

Paragon 'on target' for growth

PARAGON Car Finance is 'on target' to double growth in its contract hire fleet, the firm has announced, as parent company Paragon Group revealed annual pre-tax profits were up more one third to £33.8 million from £25.1 million in 1998. Operating income, the equivalent of turnover, rose from £60.6 million to £68.1 million.

The car finance group reported strong growth in loans to £63.8 million for the year ended September 30 compared to £35.7m for the same period last year. Financial results are not split from the group's figures.

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