Vertu reports year-end performance: turnover tops £1bn for first time

Vertu Motors’ year end results, published today, reveal turnover up year-on-year 8.9% and above the one billion mark for the first time, at £1.09 billion (2011: £999m).

Operating profit is up 6.3% to £6.7m, profit before tax up 3.8% to £5.5m - and total shareholder dividends for the year up 20% to 0.6 pence per share.

New car retail volumes declined 3.5% against a retail market decline of 11.9% and market share increased to over 3% of the new car private market (2011: 2.4%).