Aston Martin’s quarterly profits leap 90%

alibhai/ February 25, 2017/ Web News/ 0 comments

James Bond’s favourite car maker Aston Martin is ‘on track’ to be back in profit by the end of next year, after full-year earnings exceeded £100 million for the first time.

The luxury performance car firm said it was ‘unaffected by Brexit’ as underlying earnings in the fourth quarter accelerated 90 per cent to £69 million. 

Its turnaround plan is ahead of schedule with the firm on track to be back in the black by the end of 2018, said president and chief executive Andy Palmer. 

James Bond’s favourite car maker Aston Martin is ‘on track’ to be back in profit by the end of next year, after full-year earnings exceeded £100 million for the first time

James Bond’s favourite car maker Aston Martin is ‘on track’ to be back in profit by the end of next year, after full-year earnings exceeded £100 million for the first time

The firm based in Gaydon, Warwickshire, sold 3,687 cars last year and expects to exceed 5,000 this year.

Strong demand for the car maker’s new £155,000 200mph DB11 are driving the improvements, said Palmer.

Overall, Aston Martin recorded a pre-tax loss of £162.8 million for the full year which the car maker put down to historic write-off costs and currency hedging on which it lost £26 million.  





Courtesy: Daily Mail Online

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