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Aston Martin sets aside £30m for hard Brexit as costs hit profits


Aston Martin set aside £30m to deal with a hard Brexit as spiralling costs hit profits at the British luxury carmaker and triggered a sharp fall in its share price on Thursday. The group posted a pre-tax loss of £68m for last year, largely because of £136m in costs from its stock market flotation in October. But even once the exceptional charges were stripped out, pre-tax profit declined by 7 per cent to £68m, due in part to a one-off pension gain that it booked during 2017 and accounting changes last year.

Financial Times - February 28, 2019

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