Group 1 earnings fall on debt redemption charge


DETROIT, April 29 (Reuters) - Auto dealer Group 1 Automotive Inc. on Thursday said first-quarter earnings fell due to a charge for the redemption of debt. The Houston-based conglomerate said net income dropped to $10.49 million, or 45 cents a share, from $14.8 million, or 64 cents, in the year-ago quarter.

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