Ford announces 15th consecutive quarter of profitability

<p>Ford has made a profit for the 15th quarter in a row.</p>

Car manufacturer Ford has announced its latest financial results, which show the company made a profit for the 15th consecutive quarter in the first three months of the year.

It recorded pre-tax profits of $2.1 billion (£1.37 billion), which the firm stated works out as 41 cents per share, a decrease of $147 million from a year ago.

Net income was shown to be $1.6 billion – or 40 cents per share – which was an increase of $215 million compared with 12 months previously.

"Wholesale volume and total company revenue each grew about ten per cent compared with a year ago," said the company in a statement, pointing out this was including market share gains in North America and Asia Pacific Africa.

Shares in Ford will open on the New York Stock Exchange at 13.33 later today (April 25th). Its stocks are currently selling at close to a 52-week high of 14.30.

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