Aston Martin makes first Q1 profit in a decade
The 104-year old firm, made famous for making sports car driven by secret agent James Bond, has made an annual loss in each of the last six years
LONDON
British luxury carmaker Aston Martin on Wednesday reported its first Q1 profit in a decade, marking a turnaround in its performance which could propel the company towards a market flotation. The 104-year-old firm (owned mainly by Kuwaiti and Italian investors), made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years. Pre-tax profit reached 5.9 million pounds ($7.7 million) in the first three months of the year, while revenues more than doubled to 188 million pounds thanks to strong demand for its new luxury DB11 model, which went on sale at the end of last year.
