Cork-based group motoring again thanks to turnaround in profits

Cork-based motor group Johnson & Perrott last year returned to pre-tax profit after two years of losses.

In accounts filed to the Companies Office, the group recorded a pre-tax profit of €2.88m in the 12 months to the end of December last after a pre-tax loss of €884,023 in 2011.

It returned to profit in spite of revenues falling 25%, from €83.7m to €62.3m, as the firm sold its Avis rent-a-car franchise in Mar 2012.