Ammon News - AMMONNEWS - Jaguar Land Rover (JLR) announced that it has recorded total revenues of £15.8 billion for the fiscal year ended 31st March, 2013, up 17% compared to the same period last year.

During the same period, JLR’s retail sales increased by 22% to 374,636 vehicles, due to significant product actions including the All-New Range Rover, and the Jaguar XF, XJ and XF Sportbrake. The Company also generated positive sales growth across all regions: China up by 48%, Asia Pacific up by 27%, United Kingdom up by 20%, Europe up by 18%, North America up by 9%, and other overseas markets up by 19%. Profit before tax rose by 11% to reach £1,675 million, year-on-year.

Commenting on the results, Jaguar Land Rover Chief Executive Officer, Dr. Ralf Speth, said, "The positive result for the financial year demonstrates that we have strong demand for our great, solid product portfolio all around the world. During this period, Jaguar Land Rover unveiled major new products, the All-New all-aluminium Range Rover and the Jaguar Sportbrake, AWD XF, AWD XJ and the stunning F-TYPE.”

Dr. Speth went on to add, “Jaguar Land Rover invested significantly in the product creation process and in our advanced manufacturing sites, creating more than 3,000 jobs. This commitment is set to continue with a sustained programme of investment which will see us spend in the region of £2.75 billion on new product, people and infrastructure in the year to March 2014.”

In turn, Amjad Saeed, General Manager of Mahmoudia Motors, the sole and official distributor of the Jaguar and Land Rover brands in the Kingdom, commented, “These impressive figures are a testament to the widespread popularity of Jaguar and Land Rover cars not only in Jordan, but also across the world. At Mahmoudia Motors, we remain committed to representing Jaguar Land Rover by adhering to and delivering top international standards to our Jordan-based clients. We eagerly look forward to reaching new heights of success in the upcoming fiscal year.”