Fleet News

Jacks' profits down after 'difficult year'

DEALER group Jacks (William) has announced pre-tax profits for the 12 months to January 31, 2001 of £1.24 million (2000: £1.91 million) on turnover of £150.5 million (2000: £159.7 million). The company called last year 'the most difficult experienced by the sector for 10 years' as a result of the new car price investigation.

The company also reported additional losses after interest of £212,000 on the end of contract vehicle disposal by Automotive Strategy, the contract hire business closed last year because of continued exceptional falls in residual values.

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