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.