JLR reports £395m quarter loss with Brexit a factor

Jaguar Land Rover (JLR) has reported a pre-tax loss of £395m for April to the end of June, compared with a £264m loss in the same period a year ago and blamed Brexit contingency plans as a key factor. It said global vehicle sales dropped 11.6% during the period to 128,615, dragging down revenues for the three months to £5.07bn, a decline of 2.5%. In a statement the company said: “The results are consistent with the outlook for the quarter and primarily reflect lower revenues resulting from the weaker market conditions. ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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