Fiat Chrysler quarterly profit dropped 1.6 times


Fiat Chrysler Automobile, producing cars, following the results of the third quarter, has reported that its net profit decreased to 564 million euros from 910 million euros a year earlier, which is explained by a write-off of 700 million euros due to problems related to diesel engine emissions indicators in the USA. At the same time, without taking into account one-off factors, net profit increased 2 times and amounted to 1 billion 400 million euros. Adjusted EBIT of 2 billion euros increased over the year by 13%. Revenues for the quarter reached 28 billion 770 million euros, rising by 9% and exceeding experts' forecasts of 27 billion 230 million euros. Sales grew by 3% year-on-year to 1 million 160 thousand cars.

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