Fleet News

Group profits by avoiding low-margin fleet business

A DELIBERATE withdrawal from unprofitable fleet business has helped boost profits and turnover at Sanderson Bramall Motor Group to record levels. The expanding dealership, leasing and rental group has announced a 30% rise in turnover to £832 million for the year to December 31, 1998 (1997: £642 million) with pre-tax profits before exceptionals increasing 21% to £17.05 million (1997: £14 million).

Of the total increase in turnover of £249 million, £221 million related to the integration of the Charles Sidney group which was acquired at the end of 1997. However, excluding the impact of that deal, group turnover on continuing activities increased from £583 million to £611 million.

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