Automobile giant Jaguar Land Rover PLC has made declaration about the second quarterly outcomes for the 2012/2013 financial year (Q2 FY13).
The company made a profit before tax of around £431 million, which showed a growth of 100 per cent as compared to the corresponding period during the last financial year (2011/2012 fiscal year £216m).
The optimistic outcome during the second quarterly period reflects an augmentation of 29% in the company’s retail sales volumes (84,749 vehicles overall) internationally. The firm has registered revenues of more than £3.2 billion (an augmentation of £373 million).
While talking about the outcomes, JLR Chief Executive Officer Dr. Ralf Speth stated that the company has delivered another quarterly period of constructive outcomes as compared to a tough economic environment.
Dr. Ralf Speth added that they carryon witnessing sturdy sales crosswise all of their major market zones.
Jaguar Land Rover will carry on investing in its items, facilities and will drive further expansion by spending in the area of £2 billion crosswise the fiscal year.
Speth further stated that during the third quarterly period, they will witness the first client deliveries of the brand new Range Rover together with the launch of the Jaguar Sportbrake and all-wheel drive editions of the Jaguar XF as well as XJ.
The company has produced more than 8,000 fresh jobs during the past two years to back up its go-getting investment and development plans.
This consists of 1,100 fresh posts at Castle Bromwich; 1,000 innovative manufacturing jobs at the Solihull facility; 1,000 posts at Halewood along with 1,000 engineers.
The company turned to 3 shifts at both its Halewood and Solihull facilities in the first half of the fiscal year in order to back up the enhanced demand for its products internationally.
The company also stated that it will make more investments in r&d section than anyone else in the United Kingdom automotive division and is in the top 10 crosswise all spheres of the British financial system.
Highlights:
• Retail sale facts: 84,749 units, up by around 29% on quarter two last fiscal year
• Revenues: £3.2 billion, up £373 million
• PBT: £431 million, up £215 million
• Novel Range Rover and Jaguar XF Sportbrake rolled out