Latest results see Cambria focus on margins as profits fall

Mark Lavery, Cambria chief executive, has described the post-March new car market as “challenging”, in its latest full-year financial results.

Profits at retail group Cambria have fallen 4.2% in the year to 31 August 2017 due to exceptional items last year and decreased new and used car sales. However, profit per unit on new and used cars increased. The group pointed out that underlying profit before tax was up 6.6% from £10.6m last year.

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