H.R. Owen Plc. (HRO.L) said that the proportion of its overall annual profit to be generated in the first half of the year is now expected to be better than previously indicated, due to strong overall performance of the Group to date.
The company reported that it has made a positive start to the year and that profits are currently ahead of management expectations.
Used car sales have been particularly strong during the period, in line with its strategic objective to significantly improve performance in this key sector. In addition, the Group has benefited from an accelerated schedule of new car deliveries.
The Group continues to control its working capital levels carefully, and has substantial cash balances, which have increased from 6.1 million pounds held at the 2012 year-end to 10.9 million pounds as at the end of April 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.