Feb. 21 (Bloomberg) -- Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co. in partnership with Koc Holding AS, reported a 21 percent decline in fourth-quarter profit, missing estimates.
Net income fell to 155.8 million liras from 196 million liras in the fourth quarter of 2010, calculated by subtracting full-year earnings reported to the Istanbul Stock Exchange today from nine-month profit announced earlier. The company was expected to earn 190.6 million liras, according to the average of 15 analyst estimates compiled by Bloomberg.
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