New car sales drive revenue for H R Owen
The luxury motor retailer announces its preliminary results for the year ended 31 December 2011.
Revenue is up 25% to £192.4 million and profit before exceptional items, discontinued operations and tax of £1.6 million (2010: £1.7 million)
Profit before tax of £1.8 million (2010: £2.0 million) with a proposed final dividend for 2011 of 0.7 pence per share (2010: 2.0 pence per share)
Joe Doyle- Chief Executive, H.R.Owen Plc commented,"A strong performance in new car sales during 2011 helped to maintain profitability in line with 2010. Once again we outperformed the market in this key area and hope to build on this in 2012, assisted by the contribution from the newly acquired Broughtons' businesses, which will be re-branded in the near future. We are confident that our investments in support of the Group's strategy "Experience is Everything" will deliver strong growth in the years ahead".
Email this article to a friend
You need to be logged in to use this feature.
Please log in here