August 6, 2014 / 5:35 AM / 3 years ago

Ford Otosan Q2 net profit falls 41.8 percent, below forecast

ISTANBUL, Aug 6 (Reuters) - Turkish automaker Ford Otosan’s net profit fell 41.8 percent year-on-year in the second quarter to 150.9 million lira ($70 million), it said late on Tuesday, well below a Reuters poll forecast of 264.8 million lira.

The company, a partnership between Ford Motor Co and Turkey’s Koc Holding, said sales rose 8.8 percent to 3.2 billion lira in the second quarter. ($1 = 2.1573 Turkish Liras) (Reporting by Ebru Tuncay; Writing by Daren Butler)

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