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Ford Otomotiv Sanayi AS (FROTO.IS)

FROTO.IS on Istanbul Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ford Otosan says in talks with EBRD for 150 mln euro investment loan
Thursday, 23 Mar 2017 11:13am EDT 

Ford Otosan :Says in talks with EBRD for 150 million euro ($161.72 million) investment loan.  Full Article

Ford Otosan recommends gross 1.14 lira/shr dividend for FY 2016
Wednesday, 22 Feb 2017 01:15am EST 

Ford Otomotiv Sanayi AS : Said on Tuesday that the board recommends gross 1.14 lira ($0.3152) per share dividend for FY 2016 . Proposed net dividend of 0.969 lira per share for Group A and C shares and net 1.14 lira per share for Group B shares .To start dividend payment on April 3.  Full Article

Ford Otomotiv Sanayi 2016 net profit up at 955.3 mln lira
Tuesday, 14 Feb 2017 10:26am EST 

Ford Otomotiv Sanayi AS : FY 2016 net profit of 955.3 million lira ($261.30 million)versus 841.9 million lira year ago .FY 2016 revenue of 18.29 billion lira versus 16.75 billion lira year ago.  Full Article

Ford Otomotiv Sanayi AS Q3 revenue down at 3.84 billion lira
Thursday, 27 Oct 2016 11:02am EDT 

Ford Otomotiv Sanayi AS : Q3 revenue of 3.84 billion lira ($1.24 billion) versus 4.20 billion lira year ago .Q3 net profit of 173.9 million lira versus 150.6 million lira year ago.  Full Article

Ford Otomotiv Q2 net profit jumps to 261.1 million lira
Tuesday, 2 Aug 2016 10:44am EDT 

Ford Otomotiv Sanayi AS : Q2 net profit of 261.1 million lira ($87.39 million) versus 174.3 million lira year ago .Q2 revenue of 4.61 billion lira versus 3.96 billion lira year ago.  Full Article

Ford Otomotiv Sanayi AS signs 100 million euros loan from EIB
Monday, 21 Dec 2015 11:23am EST 

Ford Otomotiv Sanayi AS:100 Million euros loan agreement is signed with European Investment Bank (EIB) to finance upcoming R&D investments of vehicle development projects in the following 2 years.The loan is projected to be utilized in the first quarter of 2016.Indicative annual interest rate is around 1.28% excluding bank charges.  Full Article

Ford Otomotiv Sanayi AS manufacturing operations have started in Eskişehir İnönü plant as of June 03
Wednesday, 3 Jun 2015 03:31am EDT 

Ford Otomotiv Sanayi AS:Says labor actions have ended, manufacturing operations have started in Eskişehir İnönü plant effective from June 03.  Full Article

Ford Otomotiv Sanayi AS suspends manufacturing operations until further notice
Monday, 25 May 2015 12:27pm EDT 

Ford Otomotiv Sanayi AS:Labor actions started today at noon time at our Eskişehir İnönü plant and blue-collar workers have not left the plant.As a precautionary measure, manufacturing operations at our İnönü Plant have been temporarily suspended until further notice.  Full Article

Ford Otomotiv Sanayi AS says resumes production on May 21
Friday, 22 May 2015 02:21am EDT 

Ford Otomotiv Sanayi AS:Part supply problem is resolved, manufacturing operations have started in Gölcük and Yeniköy Plants effective from May 21 night shift.  Full Article

Ford Otomotiv Sanayi AS halts production temporarily
Wednesday, 20 May 2015 02:16am EDT 

Ford Otomotiv Sanayi AS:Production was temporarily halted at two plants due to supply problems caused by a labour dispute in the sector.Said production would restart once supply issues were solved.It had cancelled an extra working shift citing supply chain problems.  Full Article

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BRIEF-Ford Otomotiv Sanayi sees 2017 production volume at 340,000 - 350,000 unit

* Sees 2017 CAPEX (fixed assets) at between 180 million euro ($190.26 million)- 200 million euro