Jaguar Land Rover has clocked its strongest full-year profit in a decade as the UK luxury-car maker contends with the impact of US tariffs and the implementation of a controversial overhaul of its most renowned brand.
Pre-tax profit for the year to March 31 increased 15 per cent to ￡2.5bn, the company said on Tuesday, on flat revenues of ￡29bn. Profit before tax and exceptional items in the final quarter was ￡875mn, up from ￡661mn year on year. It also achieved its target to become net cash positive, with ￡278mn.
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