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Marshall Motor Holdings Plc

Marshall Motor Group shocks industry as it revises profit prediction up for 2020

Marshall Motor Group has shocked the motor industry this morning with an unscheduled announcement revising its earnings forecast UP for the year.

The listed dealer group published a notice to the Stock Market at 7am saying it expects to make £15m profit this year – a dramatic rise from its previous prediction in August that it would merely break even.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.