Full Year Results 

Vertu profits hit by coronavirus impairment

Vertu profits hit by coronavirus impairment

Vertu Motors (VTU) pre-tax profits slumped after the automotive retailer recorded a £14.4m impairment, made in response to cash flow forecast revisions that reflect the impact of coronavirus. The charge was largely attributable to goodwill connected with Vertu’s Mercedes-Benz activities and a freehold property linked to its Vauxhall franchise.

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