Jaguar Land Rover sees rise in revenues
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Jaguar Land Rover Automotive recently reported revenues of £4 billion (Bt193.3 billion) for the first quarter of the 2013-2014 fiscal year, up 13 per cent from the same period last year (£3.6 billion).
According to a company statement, retail sales increased 10 per cent year on year to 94,719 vehicles, reflecting strong demand for the Jaguar and Land Rover brand. The company generated positive sales growth in all regions: the Asia-Pacific was up 37 per cent, the UK 13 per cent, China 11 per cent, North America 10 per cent, Europe 3 per cent and other overseas markets 11 per cent.
Profit before tax increased year on year by 25 per cent to £415 million for the quarter (£333 million last year).
Commenting on the results, Jaguar Land Rover Chief Executive Officer Ralf Speth said: “The result for the first quarter demonstrates that our full range of new and upgraded vehicles is exciting our customers.
“Our focus is to put our customers at the very heart of everything we do. With our appealing British-led design and innovative engineering, we remain committed to exceeding customer experiences in all areas of our business.”
