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Caffyns PLC on Friday said half-year profit all but disappeared, as costs outpaced revenue growth, and it gave a mixed outlook. The Eastbourne, Sussex-based car dealership chain said pretax profit...
Caffyns PLC - Eastbourne, Sussex-based car dealership - Revenue for the year ended March 31 rises 12% to GBP251.4 million from GBP223.9 million. Pretax profit falls to GBP3.1 million from GBP4.4... | June 2, 2023
Caffyns, the AM car dealer group based in East Sussex, has blamed a 30% decline in profits on to inflation and higher business rates in its latest financial year.
Caffyns has cited stock shortages, economic uncertainty and energy concerns in a “cautious” trading outlook after a half-year trading statement revealed its profits had declined by a third.
Investegate announcements from Caffyns PLC, Director/PDMR Shareholding