The Colonial Motor Company has provided an update on its full-year trading profit after tax, indicating a more positive outcome for the second half of the financial year.
The company said the full-year result, which will not be finalised for some time, is expected to vary only slightly from that of the previous year.
This represents a considerable improvement from the position reported at the mid-year.
However, Colonial Motor Company clarified that this improvement is not indicative of an across-the-board market recovery.
Instead, it is attributed to a lift in "pockets" of the wider vehicle market and the efforts of dealerships to capitalise on those opportunities while managing their cost structures.
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