Pendragon PLC
21 December 2007
FOR IMMEDIATE RELEASE
PRE CLOSE TRADING STATEMENT
On 27th of November we issued a trading update and gave guidance on our outlook
for the next year. Our views are unchanged from the time of that statement.
Today we also announce that, in line with our stated strategy, we have made
three further surplus property sales this month for a total consideration of
£10.0 million and realised a profit of £6.0 million on these sales. This brings
proceeds from surplus property sales this year to £41.5 million and profits on
these sales to £15.3 million. At the current time we have surplus properties
under offer with estimated proceeds of £34 million and a book value of £19
million.
Enquiries:
Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114
David Forsyth, Finance Director
Finsbury Gordon Simpson Tel: 0207 2513801
This information is provided by RNS
The company news service from the London Stock Exchange
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