Ford net profit in the first quarter increased by 9%

The second largest automaker of the US, Ford Motors, following the results of the first quarter, reported on the growth of net profit by 9% to 1 billion 750 million dollars. Adjusted profit was 43 cents per share, which was higher than analysts’ forecast of 41 cents per share due to a decrease in the effectiveness of the tax rate. At the same time, the deterioration of the results in North America and losses in the Asia-Pacific region caused a 13% drop in operating profit to $2.2 billion. The quarterly revenue of Ford increased by 7.2% and amounted to 41 billion 959 million dollars with a market forecast of 36 billion 780 million dollars. Since the beginning of the year, Ford’s capitalization has decreased by 11.1% and is less than 44 billion dollars.

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