Fiat Chrysler Automobiles has increased net profit to €606m (£541.4m).

Net profit rose by €1bn from the previous year, while adjusted net profit more than trebled from €210m to €740m over the same period.

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The group reported net revenues of €26.8bn for Q3, a relatively small increase of €38m from Q3 2015’s figure.

Net industrial debt increased to €6.5bn, which Fiat Chrysler attributed to ‘normal working capital seasonality’.

The group also reported an increase in adjusted earnings before interest and taxes (EBIT) in Q3 by 29% to 1.5bn, buoyed by improvements in all sales regions except Latin America.

However, this adjusted EBIT excluded net charges of €149m, the estimated costs of a planned recall.

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Fiat Chrysler also reported greater market share in a number of markets, up to 12.5% in the US, 6.1% in Europe, and 18.6% in Brazil.

Net revenues in the North Atlantic Free Trade Agreement (NAFTA) market fell in Q3, down to €16.8bn from €17.7bn in Q3 2015, which the group attributes to lower shipments with higher fleet mix.

Maserati net revenues increased to €873m from €516m, and adjusted EBIT rose from €12m to €103m, as shipments increased 54% to 10,656 units in Q3 2016. Jeep sales also increased, rising 76%.

Fiat Chrysler Automobiles adjusted their full-year guidance as a result, predicting €5.8bn adjusted EBIT, €2.3bn adjusted net profit, and revising down net industrial debt forecasts to 5bn.