Lookers H1 profits fall, sees year at lower end

Newswire

LONDON, Aug 27 (Reuters) - Lookers Plc , the motor dealership, said on Wednesday first half adjusted pretax profit fell to 15.5 million pounds ($28.6 million) from 18.1 million, slightly exceeding analysts' expectations. Forecasts ranged from 13.5 million pounds to 15.0 million. The group, which warned earlier this year that trading was being hit by the tougher economic climate and the credit crunch, said it expected its full-year results to be at the lower end of market expectations.

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