Triumph reports near-doubling of annual profit

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British motorcycle manufacturer Triumph has posted annual profits of £16.6 million, which is double what they made last year.

Alongside global revenue of £407.6m, which is a £56.3m from last year, Britain's biggest bike builder has seen overseas sales rise also, from 84.4 per cent up to 85.3.

Having updated the Tiger Explorer 1200, Tiger Sport, Speed Triple S and Speed Triple R in the last year, Triumph has also released the new 'Bonneville' range – which includes the Thruxton, Thruxton R, Bonneville T120 and T120 Black – and the new Street Twin.

The brand, which started building motorbikes in 1902, says it is selling near to 60,000 bikes every year overseas, with the company present in over 57 countries.

In a statement, Triumph said: "We have performed strongly over the last few years against a backdrop of challenging currency, economic and motorcycle market conditions. The group remains dedicated to the continuous improvement of its products."

After Triumph Engineering was founded in 1885 by German Siegfried Bettmann as a bicycle maker, the motorcycle branch of the company was formed in 1898 and the brand started making them in 1902.

Following the company going into administration in 1983, the Triumph Motorcycles brand was formed and moved to Hinckley, Leicestershire, where it has since resided.

Written by Jack Healy