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Author Topic: Tata Motors sees profits triple on Jaguar turnaround  (Read 509 times)

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Tata Motors sees profits triple on Jaguar turnaround
« on: June 06, 2011, 10:46:51 PM »
Tata Motors has reported a tripling of profits in the last year.
The Indian carmaker made total profits after tax for the last 12 months of 92.7bn rupees ($2bn, £1.3bn), up 260% from a year earlier, thanks to a 33% rise in revenues to 1.2tn rupees.
Business at its Jaguar Land Rover (JLR) subsidiary saw a sharp turnaround, with £1.1bn in profits before tax, having hardly broken even in the 2009-10 year.
The firm said it planned to expand exports by its UK subsidiary.'Exciting new products' Exports already drove a 51% jump in revenues at JLR in the last year, with developing markets such as China seeing the fastest growth.
The UK share of its business dropped from 28% to 24% of sales.
The firm will open its first production line for JLR in India on Friday.
The jump in the UK unit's profits - flattered by the falling value of sterling - helped it pay off debts, with net debt falling by almost two-thirds to £233m.
 
 
http://www.bbc.co.uk/news/business-13558189

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Tata Motors sees profits triple on Jaguar turnaround
« on: June 06, 2011, 10:46:51 PM »

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Re: Tata Motors sees profits triple on Jaguar turnaround
« Reply #1 on: June 08, 2011, 04:35:29 AM »
 :waitin: :waitin: :waitin:

 

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