October 31, 2013 / 6:11 AM / 4 years ago

Ford Otosan Q3 net profit falls 45 percent

ISTANBUL, Oct 31 (Reuters) - Turkish automaker Ford Otosan posted a net profit of 80.6 million lira ($40.4 million) in the third quarter, its results showed, down 45 percent from a year earlier and sharply below a poll forecast of 160.8 million lira.

The company, a partnership between Ford Motor Co and Turkey’s Koc Holding, said sales rose 31 percent year-on-year in the same period to 2.595 billion lira.

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