Ford Otosan’s Net Profit Reaches TRY203mn In Q114


News: US automaker Ford Motor Company's Turkish unit Ford Otomotiv Sanayi (Ford Otosan) registered a better than expected operating performance in Q114, reports Business New Europe. The company's net earnings reached TRY203mn (USD95.58mn) in the reported period, which surpassed the market estimation of TRY80mn (USD37.67mn). Ford Otosan's move of replacing the old product range with a new one helped to boost its margin on a year-on-year as well as on a quarter-on-quarter basis, despite an unfavourable operating environment for the automaker.

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Related sectors of this article: Autos, Companies - Autos
Geography: Turkey