Ford Otosan Announces Earnings and Production Results for the First Six Months of 2017; Provides Production Guidance for the Year 2017
August 04, 2017 at 09:44 am EDT
Ford Otosan announced earnings and production results for the first six months of 2017. The company posted growth of 37% year on year in net profits for the first six months of 2017. Earnings remained at TRY 634 million. Operating profits jumped 36% year on year to TRY 708 million, and revenues grew 32% year on year to TRY 11.65 billion.
The company also announced that six-month production increased 6% year on year to 184,859 units, resulting in a capacity utilisation rate of 89%.
The company expects production to remain between 365,000 and 375,000 units in 2017.