JCB reports record pre-tax profit for 2007

JCB announced record pre-tax profits of $374 million on worldwide revenue of $4.5 billion for 2007, marking the most successful year in the company’s 62-year history.

The company attributes most of its business growth to emerging markets, particularly India, Poland, Russia, Bulgaria and South America. New machines and new product ranges accounted for 50 percent of sales growth. JCB’s machine sales reached a record level of 72,000 units, selling 17,000 more units than the 2006 peak of 55,000.