Lookers Sees 1H Results Ahead Of Own Views On Strong Trading

7th Jul 2010 07:46

LONDON (Dow Jones)--Car dealer Lookers PLC (LOOK.LN) Wednesday said it expects first-half results to exceed management's expectations due to ahead of plan trading at all its units, with its parts division continuing to report record results. Chief Executive Peter Jones said the firm expects record results for the first half and plans to continue to grow the business and deliver successful results for the full year, despite the economic challenges facing the U.K. retail sector. Although the firm didn't give details of its forecasts, the firm is expected to post 2010 pretax profit of GBP32 million on revenue of GBP1.77 billion, according to a FactSet poll of five analysts. In an update on trading from May 11 to June 30, Lookers said its motor division has seen new vehicle volume sales increase more than the 20% increase in the wider market. -By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; [email protected] (END) Dow Jones Newswires July 07, 2010 02:46 ET (06:46 GMT)