General Motors' net profit fell by 71% to 1,84 billion in the fourth quarter of 2016. Negative currency effects and other extraordinary factors weighed on the profitability of the American company in the last quarter of 2016.
Good news instead comes for the turnover, which grew by 11% to 43,9 billion dollars. According to the press release from the US auto giant, adjusted earnings per share fell to $1,28, better than analysts' expectations ($1,17).
Geographically, General Motors recorded an operating result in the red in Europe, equal to -246 million, from -298 million a year earlier, and in South America, equal to -65 million (-47 million a year earlier). Operating profit in North America was also down, down to 2,62 billion (from 2,77 billion) and the International Operations division also recorded an operating profit down to 316 million, from 408 million.
