Vehicle manufacturer Fiat has published its latest figures for the three months to the end of June 2013 and they show a nine per cent rise in trading profits to more than €1 billion (£868 million).

The company highlighted an extremely successful second quarter, with group revenues increasing by four per cent in comparison to the same time last year to €22.3 billion.

Net profit reached €435 million – up from €239 million in Q2 2012 – and net industrial debt for the firm was reduced from €7.1 billion at the end of Q1 to €6.7 billion.

Furthermore, worldwide shipments for the company's myriad brands, including Fiat itself, Ferrari and Maserati, rose by five per cent from the same period last year to 1.2 million units.

Overall, the company reported an extremely profitable and productive three months and remains well on track to meet its full-year guidance for 2013.

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