Brief: Tofas Q2 Net Profit Jumps To 4.94 Bln Lira YoY, Revises 2023 Local Sales and Production Forecasts

Tofas Turk Otomobil Fabrikasi

27/07/2023 06:49

July 27 (Reuters) - TOFAŞ TÜRK OTOMOBİL FABRİKASI
 TOASO.IS :
    * SAID ON WEDNESDAY Q2 NET PROFIT OF 4.94 BILLION LIRA VS
PROFIT
OF 1.88 BILLION LIRA YEAR AGO
    * Q2 REVENUE OF 23.37 BILLION LIRA VS 15.42 BILLION LIRA
YEAR AGO
    * TOFAS SEES 2023 EXPORTS AT 70,000-80,000 UNITS (PRV.
FORECAST:
70,000-80,000 UNITS)
    * TOFAS SEES 2023 LOCAL SALES AT 190,000-200,000 UNITS (PRV.
FORECAST: 175,000-190,000 UNITS) 
    * TOFAS SEES 2023 PRODUCTION AT 235,000-255,000 UNITS (PRV.
FORECAST: 230,000-245,000 UNITS) 
    * TOFAS SEES 2023 INVESTMENTS AT 125 MLN EUROS (PRV.
FORECAST: 125
MLN EUROS)

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA612FQJ urn:newsml:reuters.com:*:nIKAwCnm1
 Further company coverage:  TOASO.IS  

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