JLR Profits Double in Last Quarter of 2013

After a great year for Jaguar Land Rover, latest figures have shown huge profits for the UK based car manufacturer during the last quarter of 2013.

The company made £842m in the last three months of 2013 on revenues of £5.3bn. That’s almost double the £404m profit for the same period in 2012.

Sales in this last quarter rose 27% year-on-year to 112,172 vehicles, driven by the popularity of vehicles like the Range Rover Sport.

During 2013 as a whole, JLR sold a record 425,006 saloons and sports utility vehicles, with sales particularly strong in Brazil, China, India and the US.

The results have also underpinned a surge in profits for Jaguar Land Rover’s parent company Tata Motors, whose net income almost tripled to 48.1 billion rupees (£471 million) in the past 12 months.

JLR chief executive Ralf Speth said the company’s results were “a testament to the quality” of their cars.