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The Chinese market has contributed significantly,Jaguar Land Rover's financial results improved across the board

2021-02-02

Jaguar Land Rover (JLR) has announced its third quarter of 2020 results, improving sales, revenue, profit and cash flow in all key indicators.JLR's global sales in the third quarter reached 128,469 vehicles, with China growing 19.1% year on year.Of those, nearly 13,000 units were sold in China in December, the highest monthly sales in nearly three years.
Revenue was £6bn, up £1.6bn from the previous quarter, thanks to JLR's performance in global growth and China.It made a pre-tax profit of £439m, up £374m month-on-month and £121m year-on-year.In addition, JLR's cash flow in the quarter reached 562 million pounds, a record high for the same period.