Midlands car maker JLR recorded a profit for the second quarter of the financial year despite being hit by disruptions in aluminium supply.
The firm, who employ over 1,000 people at their electric propulsion manufacturing centre near Wolverhampton, described their performance as"resilient" as first half profits increased by 25 per cent year on year.
However first-half profit before tax rose to £1,099 million despite revenue flat-lining year-on-year at £13.7 billion. “JLR has delivered a resilient performance in Q2, resulting in a 25 per cent increase in first half profits year-on-year," said Adrian Mardell, Chief Executive Officer. “We continue to make good progress delivering our Reimagine strategy. We have invested £250m so far to prepare our Halewood UK plant for electric vehicle production and with strong global demand for our products, we are well positioned to deliver on our commitments again this financial year.”
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