CAR dealer and bus operator Cowie has reported record financial results.

The group, with a major dealership in Blackburn, saw pre-tax profits rise by 19 per cent to £32.2 million for the six months to June 30.

The firm has also announced it has bought North East Bus, which operates in County Durham and Teesside, for £24.5 million.

Turnover was virtually unchanged at £529 million and investors will receive a dividend of 3.4p per share.

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