Lookers has reported a sharp rebound in pre-tax profit performance one full year on from its acquisition by Canadian owners Alpha Auto Group. Results for the year ended December 31, 2024 posted to Companies House, show underlying profit before tax (PBT) rose 55% to £58.4m, with reported PBT at £43.7m against a £1.8m loss in 2023. The results also reflect £21m of underlying cost reductions and a small uptick in gross profit, partly offset by about £2m in higher finance costs. Underlying operating profit increased to £100.3m from £77.3m, while reported operating profit reached £85.6m, up from £39.4m. Revenue in service, parts and body repair nudged up 0.5% to £382.6m and remained a stable contributor to profit.