Turkey's Otokar shares climb after better-than-expected Q2 results

Otokar Otomotiv ve Savunma Sanayi

30/07/2025 08:39

** Shares in Otokar OTKAR.IS rise around 5% after the company posted Q2 results above expectations

** The Turkish military and commercial vehicle manufacturer, said on Tuesday its Q2 net profit was 412.0 million lira  ($10.15 million) above consensus estimate of 42 million lira brokerage Yatirim Finansman says

** The brokerage notes the "increase in higher margin armoured vehicle sales" was the main contributor in company's recovery in terms of earnings

** The company's stock is among best performers on Turkey's main BIST-100 index .XU100

($1 = 40.5798 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))