Ford's biggest profit
Source: Agencies |
January 29, 2011, Saturday
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Print Edition
Print Edition
Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company.
Ford last year earned US$6.6 billion, or US$1.66 per share, versus US$2.7 billion, or 86 cents per share the year before.
Without one-time items such as charges for debt reduction and the discontinuation of its Mercury brand, Ford would have earned only US$1.91 per share, short of the US$2.05 expected by analysts.
Ford last year earned US$6.6 billion, or US$1.66 per share, versus US$2.7 billion, or 86 cents per share the year before.
Without one-time items such as charges for debt reduction and the discontinuation of its Mercury brand, Ford would have earned only US$1.91 per share, short of the US$2.05 expected by analysts.
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