Jaguar Land Rover Automotive has reported a 25% increase in profit before tax of £415m for the first quarter of the current fiscal year.

The brand pair reported total revenues of £4,097m for the first quarter of 2013/14, an increase of 13% over the same period last year.

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Retail sales increased 10% year-on-year to 94,719 vehicles, reflecting positive sales growth in all regions, with the most noticeable increases in the Asia Pacific region (37%), the UK (13%) and China (11%).

In May, Jaguar Land Rover announced an agreement with Black Horse, the car finance operation of Lloyds Banking Group, to provide UK wholesale and retail funding from February 2014.

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