Moscow. January 28. Net profit of Ford Motor, the second-largest U.S. automaker, in the fourth quarter of 2015 exceeded expectations of experts because of booming demand for SUVs and light trucks.
Annual pre-tax profit was the highest in 111 years of its history – a $10.8 billion, said in a statement. Previously Ford had predicted this figure in the range of $8.5 billion to $9.5 billion
The company will issue to 52.7 thousand workers, members of UAW, the premium receipts to a record $9.3 thousand
According to a press release from Ford, the company’s net profit in October-December amounted to $1.9 billion compared to $835 million for the same period last year.
Ford took profit, excluding one-off factors at the level of $0,58 per share compared to a loss of $0.65 per share a year earlier. Analysts surveyed by Bloomberg had forecast adjusted profit of 51 cents per share.
Ford revenue grew 12% to $40.3 billion
By the end of 2015 overall, Ford earned a net profit of $7.4 billion and revenues of $149,6 billion.
Shares of Ford fell by 0.4% since the start of trading in new York on Thursday.