Minnesota-based American ATV manufacturer Arctic Cat has reported record turnover and profit figures in its full-year financial results to 31 March 2013. Annual revenue rose by 15 per cent to £441.3m. Operating profit was up by 32 per cent to £39.9m. Net profit grew by 33 per cent to £26.1m.
However, the seasonal nature of its business meant that Arctic Cat had to admit to negative performance in the fourth quarter again. Despite a revenue increase of 15 per cent to £74.4m, the company declared a net loss of £3.3m — a slight improvement on a loss of £4.1m in the final three months of the previous financial year.