Aston Martin Lagonda Q3 Loss Widens

British sports cars maker, Aston Martin Lagonda Global Holdings plc (AML.L), on Thursday posted a wider loss for the third quarter, impacted by planned ramp up of St Athan, despite a surge in revenue driven by strong customer demand.

The Group's loss before tax widened to 97.9 million pounds from 80.5 million pounds, and loss per share increased to 77.6 pence from 77.4 pence last year.

However, luxury car group's operating loss for the period was reduced to 30.2 million pounds from last year's 69.8 million pounds.

On an adjusted basis, loss before tax widened to 95.7 million pounds from 80.4 million pounds, but loss per share decreased to 76.1 pence from 77.5 pence last year.

The Group's revenue for the third quarter rose to 237.6 million pounds from 124 million pounds, with strong growth in wholesales.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retail giant Walmart is set to expand its drone delivery network to 34 sites across six states in the U.S. by the end the year through its partnership with drone delivery company DroneUp. The deliveries will reach about 4 million U.S. households in Arizona, Arkansas, Florida, Texas, Utah and Virginia. Blue Moose of Boulder LLC recalled one lot of 7 oz units of its "Spinach Artichoke Parmesan Dip" for potentially containing undeclared tree nut (Cashew) and soy allergens, the U.S. Food and Drug Administration or FDA said in a statement. The recall was initiated due to mislabeling issue where a small run Spinach Artichoke Cashew Dip was labeled as Spinach Artichoke Parmesan Dip. Samsung Electronics announced that Google Assistant will be available for Galaxy Watch4 starting Tuesday. The South Korean electronics major has entered into partnership with Google to build a unified Wear OS platform for a seamless connection across Android devices. Starting Tuesday, Google Assistant will be available in 10 markets.
Follow RTT