Challenging year ahead for Johnson & Perrott as pre-tax profits rise slightly

PRE-TAX profits at Cork car dealers Johnson & Perrott rose slightly to €4.7 million last year, with the company reporting a challenging year ahead.

Turnover at the family-owned dealership, car hire and fleet specialist fell in the year to the end of December 2007 from €145.5m in 2006 to €144.7m.

According to accounts, the company said the market areas in which the group operated in the year continued to be extremely competitive and challenging throughout. It said that, in particular, car hire remained static with downward pressure on rates.