BREAKING NEWS

BREAKING NEWS

Carmaker Aston Martin's adjusted pre-tax profit falls

Carmaker Aston Martin's adjusted pre-tax profit falls
FILE PHOTO: An Aston Martin logo is seen at a dealership in central London, Britain August 29, 2018. REUTERS/Henry Nicholls/File Photo -
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Henry Nicholls(Reuters)
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LONDON (Reuters) - Luxury British carmaker Aston Martin posted an adjusted pre-tax profit of 68 million pounds in 2018, a 7 percent fall on 2017 as it continues to invest in a series of new models and a second factory as part of its turnaround plan.

The automaker, which floated on the London Stock Exchange last year, reported 136 million pounds of one-off costs due to its initial public offering, pushing it to a reported pre-tax loss of 68 million pounds.

(Reporting by Costas Pitas)

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