Brief: Tofas Q1 Net Profit Rises To 2.43 Billion Lira YoY, Revises 2023 Outlook

Tofas Turk Otomobil Fabrikasi

27/04/2023 16:41

April 27 (Reuters) - TOFAS TURK OTOMOBIL FABRIKASI AS
 TOASO.IS :
    * TOFAS - Q1 NET PROFIT OF 2.43 BILLION LIRA VERSUS PROFIT
OF 1.13
BILLION LIRA YEAR AGO
    * TOFAS - Q1 REVENUE OF 18.74 BILLION LIRA VERSUS 10.63
BILLION
LIRA YEAR AGO
    * TOFAS SEES 2023 LOCAL SALES AT 175,000-190,000 UNITS (PRV.
FORECAST: 155,000-165,000 UNITS)
    * TOFAS SEES 2023 PRODUCTION AT 230,000-245,000 UNITS (PRV.
FORECAST: 215,000-235,000 UNITS)
    * TOFAS SEES 2023 INVESTMENTS AT 125 MILLION EUROS (PRV.
FORECAST:
100 MILLION EUROS)

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