(MENAFN) Jaguar Land Rover has reported an annual loss of 3.6 billion pounds in its latest financial year, regardless of 120 million pounds profits in the final quarter.
In the financial year ending on March 31, the company made a pre-tax loss of 358 million pounds, but previously-announced third quarter non-cash damage charge of 3.1 billion pounds and the redundancy costs taken in the fourth quarter contributed to a full-year pre-tax loss of 3.6 billion pounds.
The company returned to profit for the first time in Q4 after making loss in three quarters in a row.
It has suffered from a weaker China market, falling diesel sales and uncertainties related to Brexit.
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