Aston Martin's quarterly profits leap tenfold as sales double

LONDON -- Aston Martin's quarterly profit before tax rose to 3.1 million pounds ($4 million), a tenfold increase as the newly listed automaker continues a growth plan which saw its sales volumes double in the three-month period.

Vehicles sales increased 99 percent to 1,776, helped by a 185 percent increase in the Americas and a 133 percent increase in Asia Pacific, leading to an 81 percent increase in revenue to 282 million pounds, the automaker said in a statement on Thursday.

Aston Martin last month became the first British automaker in decades to float on the London Stock Exchange. It said it expected full-year sales to come in at the top end of expectations at up to 6,400 vehicles.

Britain's car industry, which employs about 850,000 people, has warned that border delays and red-tape resulting from a disorderly Brexit would disrupt production. Aston is already taking a number of steps to prepare for any eventuality including building up more components and considering plans to fly in parts and change the ports it uses.

Aston also said on Thursday that it was making progress towards opening its second British factory next year which will build its first SUV, the DBX.

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