Luxury car dealer HR Owen records surge in full-year profit


Good showing: Tan (left) is seen with Choo (right). By introducing a number of efficiency measures throughout the business and unifying its various brands, the company said profits had rocketed from £1.6mil (RM8.4mil) in 2016 to £8.3mil in the last 12-month period.

PETALING JAYA: London-based HR Owen plc, the luxury car dealer controlled by Berjaya group founder Tan Sri Vincent Tan, saw its pre-tax profit climb more than 40% to £8.3mil (RM44mil) for the fiscal year ended April 30, 2019.

By introducing a number of efficiency measures throughout the business and unifying its various brands, the company said profits had rocketed from £1.6mil (RM8.4mil) in 2016 to £8.3mil in the last 12-month period.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Luxury , car , dealer , Owen , profit , surges , auto ,

   

Next In Business News

KLCI remains positive as heavyweights bounce higher
Malaysia's inflation comes in at 1.9% in Oct
Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade
FBM KLCI rebounds as Wall Street returns to a rally
Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops

Others Also Read