Brief: Tofas Q2 Net Profit Drops To 1.29 Bln Lira YoY, Revises 2024 Guidance

Tofas Turk Otomobil Fabrikasi

02/08/2024 07:09

(.)
       Aug 2 (Reuters) - TOFAŞ TÜRK OTOMOBİL FABRİKASI
 TOASO.IS :
    * SAID ON THURSDAY Q2 NET PROFIT OF 1.29 BILLION LIRA VS
6.91
BILLION LIRA A YEAR AGO
    * Q2 REVENUE OF 23.77 BILLION LIRA VERSUS 41.12 BILLION LIRA
A
YEAR AGO
    * SAID ON THURSDAY TOFAS SEES 2024 EXPORTS AT 40,000-50,000
UNITS
(PREVIOUS EXPECTATION: 60,000-70,000 UNITS)
    * TOFAS SEES 2024 LOCAL SALES AT 120,000- 140,000 UNITS
(PREVIOUS
EXPECTATION: 140,000-160,000 UNITS)
    * TOFAS SEES 2024 PRODUCTION AT 140,000-160,000 UNITS
(PREVIOUS
EXPECTATION: 170,000-190,000 UNITS)
    * TOFAS SEES 2024 INVESTMENTS AT 150 MILLION EUROS (PREVIOUS
EXPECTATION: 200 MLN EUROS)

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nIKAcfRphQ urn:newsml:reuters.com:*:nIKA237B3H
 Further company coverage:  TOASO.IS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))