Ford Otosan 9-month net profit 272.8 mln lira

Newswire

ISTANBUL, Oct 27 (Reuters) - Turkish commercial vehicle maker Ford Otosan's net profit fell 25 percent in the first nine months of the year to 272.82 million lira because of dwindling margins on its exports. In the same period a year earlier its net profit was 365.31 million, it said in a statement to the Istanbul Stock Exchange. A company official told Reuters that the fall in profits came despite a rise in sales. The year-on-year decline also reflected the fact that the year-earlier ...

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