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JCB digs up record profits

Digger company JCB has posted record profits for 2012, despite turnover being largely unchanged.

Digger company JCB has posted record profits for 2012, despite turnover being largely unchanged.

The well-known company said profis came in £10m higher than last year at £365m, on revenue of £2.7bn.

Chief Executive Alan Blake said: "As we make profit we invest that profit back in and that means more products, more factories, more growth.

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"Growth for JCB anywhere is good for JCB and a significant number of the machines are still made here in the UK and shipped around the world.

"We're never content so there won't be a party. We'll be pleased that we've got this growth but we'll be looking for next year's growth."

He also revealed that the group plans to recruit at least 500 more members of staff in the UK, above the 1,000 or so people already employed.

NR

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