Jaguar Land Rover made profits of £311,000 every hour in the second quarter of the year as the region’s biggest manufacturer continued to grow.
The car giant has continued its astonishing rise, on the back of soaring sales in China, and sold a total of 102,644 cars in three months – a rise of 21 per cent on the record performance in the same period last year.
Its results, for the three months to September 30, throw up some incredible statistics. The Tata Motors-owned giant made £668 million pre-tax profit across the period, which works out to £7.5 million a day, £311,000 every hour and £5,193 every minute.
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In terms of revenue, it turned over £4.61 billion across the quarter, which represented a rise of 40 per cent.
That means the company sells £50.1 million worth of vehicles a day, £2.1 million an hour, £34,812 a minute and £580.02 a second.
The rise in profitability comes as demand remains resilient for its Jaguar XF and XJ saloons and Range Rover sport-utility vehicles, especially in China, but also in the 海角视频 and North America.
Chief executive Dr Ralf Speth said: “Our unrelenting focus on design, technology, innovation and quality has seen Jaguar Land Rover reach global consumers in more markets than ever before thanks to its most engaging product line-up.
“Our customers are at the heart of everything we do and we remain committed to exceeding expectations and delivering outstanding customer experience in all areas of our business.”
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JLR said its results had been enhanced during the period by Jaguar’s 14MY introductions, the sales debut of the Jaguar F-TYPE and Range Rover Sport and a strong Range Rover performance.
For the first half of the 2013/2014 fiscal year the company reported retail sales of 197,363, up 16 per cent year on year.
Revenues were £8.71 billion, up 26 per cent year on year and profit before tax was £1.1 billion, up 42 per cent year on year.
The results at Jaguar Land Rover meant Mumbai-based Tata Motors reported its first profits rise in a year.