Triumph reports increase in quarterly sales

Motor company Triumph has reported that net sales for the first quarter of the fiscal year ending 31 March 2011 totalled $406.4m (£260.5m) − a 29 per cent increase from last year’s $316.1m.

Income from continuing operations was $11.6m, or $0.62 per diluted share, versus $21.5m, or $1.30 per diluted share, for the first quarter of the prior year.

Net income was $11.4m, or $0.61 per diluted share, versus $18m, or $1.09 per diluted share, for the first quarter of the prior year.