Jaguar Land Rover Lost Money Last Quarter But Got A £500 Million UK Loan | Carscoops carscoops
finished the year with £4.7 billion in revenue over the quarter, an increase of 22 percent from Q2 of its February-March financial year. Free cash flow rose to £164 million but importantly, Jaguar Land Rover reported a £9 million loss before tax for the quarter. It reported a profit of £439 million in the same quarter of the year prior.ended the quarter with total cash and short-term investments of £4.5 billion .
“Whilst semiconductor supplies have continued to constrain sales this quarter, we continue to see very strong demand for our products underlining the desirability of our vehicles,” Jaguar Land Rover chief executive Thierry Bolloré said in a statement. “The global order book is at record levels and has grown an incredible 30,000 units for the New Range Rover before deliveries even start this Quarter.
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