Goodyear of Turkey Falls After 1st-Quarter Profit Drops 50%
Goodyear Lastikleri dropped 4.5 percent to 53.50 liras at the close in Istanbul, the weakest since April 17, extending the company’s retreat this week to 10 percent.
First-quarter net income declined to 12.6 million liras ($7.2 million) from 25.2 million liras a year ago, according to a filing with the Istanbul Stock Exchange after the market closed yesterday.
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