Pendragon 2014 Profit Rises

Pendragon PLC PDGNF posted a 66% gain in its profit for 2014. Pendragon's pretax profit for the year surged to 64.6 million pounds ($99.4 million). Its underlying pretax profit climbed 36% to GBP60.2 million, while EPS climbed to 3.1 pence from 2.3 pence. Its revenue rose to GBP4.0 billion from GBP3.8 billion. The company's board proposed a final dividend doubled of 0.6 pence per share. CEO Trevor Finn said, "We are confident that 2015 will be another year of good performance, with Group performance in line with current expectations for the year."