Ford Expect Drop in Sales and Earnings
10th October 1958, Page 43
10th October 1958
Page 43
Page 43, 10th October 1958
— Ford Expect Drop in Sales and Earnings
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ALTHOUGH sales and earnings for the first half of this year showed a great improvement on figures for 1957, the Ford Motor Co., Ltd., expect trading income for the second part Of 1958 to show a marked drop on the earlier months. A statement issued • last week said this was due to seasonal influences and changed trading conditions, especially in overseas markets.
Net income for the . half-year ended June 30, 1458, was £6,894,407. compared with £4,922,496 for the same period last year. Sales up to June 30 totalled £110.2m. (228,733 vehicles), as opposed to • £79.9m. (166,234 vehicles) in the same period last year. In the latter half of 1957 net income was £5,958,313. During this period, sales totalled £86m, (172,187 vehicles).