HR Owen H1 pretax profit up 28.6 pct


Aug 29 (Reuters) - Luxury car dealer HR Owen Plc on Friday said first-half pretax profit rose 28.6 percent and that it expects to remain profitable in the second half despite the challenging market conditions. The company cautioned new and used car sales will continue to fall until more stability returns to the market but said its focus on luxury saloon and sports cars has helped protect it, as it is able to rely on forward orders. HR Owen said it believes its strategy of downsizing to a ...

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