Auto retailer Lookers sees 2021 profit ahead of estimates

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- Auto retailer Lookers Plc said on Thursday it expects 2021 underlying profit before tax to be materially ahead of analyst consensus, driven by better-than-expected first-quarter performance where it utilised digital channels to expand sales.

Analyst consensus for underlying profit before tax for the full year ended Dec. 31, 2021 is for 22.6 million pounds ($31.11 million), the company said.

Last month, Lookers said it expects to report 2020 profit of about 10 million pounds amid a delay in publication of the annual results.

($1 = 0.7265 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru, Editing by Sherry Jacob-Phillips)

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