• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Domestic Affairs

Jaguar Land Rover doing better

21st May 2019

Jaguar Land Rover doing better Pin It

The British automaker Jaguar Land Rover (JLR) seems to be improving. The company, owned by the Indian company Tata Motors, recorded a profit of £ 119 million in the three months to March, equivalent to 136 million euros. That meant the first quarterly profit in a year.

Profit before tax excluding exceptional items rose to £ 269 million in the last quarter of its broken financial year. Jaguar Land Rover has recently cut costs, among other things by thinning out the managers layer. The interventions seem to pay off. However, JLR closed the financial year with a record loss of 3.6 billion pounds, partly due to a billion-dollar depreciation in the third quarter.

JLR, like other automakers, is affected by lower sales in China. In addition, Europeans are less likely to poke diesel cars. Sales increased in the US and Europe, but not enough to fully compensate for the decline in China. Turnover in the closing quarter of the financial year decreased by 461 million pounds to around 7.1 billion pounds.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Eurozone inflation is "still…

In Foreign Affairs

Eurozone inflation is "still too low"

View Post

Next Post

Thomas Cook investors got their…

In Money Matters

Thomas Cook investors got their moments of fear

View Post

In IT, Innovation and Startups

AirBnB in spat with abusive landlords, the later use the platform to collect personal data

View Post

In Domestic Affairs

Heathrow airport lost 73 percent of passenger traffic in 2020

View Post

In Money Matters

Dr. Martens stomps the stock exchange

View Post

In IT, Innovation and Startups

Checkout.com reaches 15 billion USD in capital

View Post

Newsletter

Latest News

View

Euro area exports reach almost a pre-coronacrisis level

15th January 2021

View

London Stock Exchange got an approval for Refinitiv acquirement

13th January 2021

View

Poor logistics led to fishing collapse in Scotland

13th January 2021

View

EU is about to strike a deal with French vaccine maker

12th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]