Johnson & Perrott confident even as pre-tax losses rise to €3.2m

PRE-TAX losses at Cork car dealers Johnson & Perrott increased from €2 million to €3.2m last year.

Despite turnover falling from €115.3m to €70.1m the directors said they are confident the long-term growth the group has achieved will continue despite challenging trading conditions in all of its divisions.

The directors expect an improvement in the 2010 results but do not expect a return to previous levels of growth until the economic environment improves.