UK car dealership chain Lookers said on Friday it anticipates full-year underlying pretax profit below its expectations as it battled weaker car demand at home in June and margin pressures.
The company said trading in the quarter ended June 30 had proved to be "increasingly more challenging" as it also faced cost inflation pressure in the first half of the year.
Underlying pretax profit for the first half of the year is expected to be about 32 million pounds ($40.13 million) compared with 43 million pounds a year earlier.
