Charles Hurst parent firm in warning over Brexit
Charles Hurst owner Lookers has posted a fall in profits and warned the UK auto market is "softening", with Brexit partly to blame.
Pre-tax profits at Lookers dropped from £46.7m to £44.6m in the six months to June 30, even though revenues edged up 5% to £2.46bn.
Charles Hurst is one of the biggest motor retailers in Northern Ireland, and is part of UK plc Lookers.
Lookers said new car sales in the UK had weakened, and that the political backdrop and the drop in sterling were adding to the uncertain outlook. "We have seen a softening in the new car market in recent months," chairman Phil White said.
In its latest accounts, Charles Hurst posted pre-tax profit of £7m.
The company employs more than 1,000 staff across its various sites.