Aston Martin’s adjusted pre-tax profit declines

Aston Martin posted an adjusted pre-tax profit of 68 million pounds ($90 million) in 2018, a 7 percent drop on 2017 as it still invests in a series of new models and a second factory as part of its turnaround strategy.

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

Aston Martin last year announced plans to transform itself into a global luxury brand, and showed their willingness into investing in projects including speed boats, bicycles, clothing and real estate development, even submarines and aircraft.