Economic News
JCB Saw Record Profits in 2012
JCB has announced that 2012 was the best year in its 67-year history with earnings reaching a new record.
Earnings rose to £365 million on an EBITDA basis (2011: £355 million) on turnover which remained virtually unchanged at £2.7 billion. In a global market which contracted by 10%, JCB’s machine retails also rose slightly to 69,250 (2011: 69,100), which means that once again JCB outperformed the market.
JCB Chairman Sir Anthony Bamford says, “In view of the continued fragility of the...
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