Brief: Tofas Q3 Net Profit Down To 312 Mln Lira YoY, Revises 2024 Outlook

Tofas Turk Otomobil Fabrikasi

05/11/2024 06:00

Nov 5 (Reuters) - TOFAS TURK OTOMOBIL  TOASO.IS :
    * SAID ON NOV. 4, Q3 NET PROFIT OF 312.0 MILLION LIRA VERSUS
NET
PROFIT OF 2.94 BILLION LIRA YEAR AGO  
    * Q3 REVENUE OF 21.45 BILLION LIRA VERSUS 42.52 BILLION LIRA
YEAR
AGO
    * TOFAS SEES EXPORTS AT 35,000-45,000 UNITS IN 2024
(PREVIOUS
EXPECTATION: 40,000-50,000 UNITS)
    * TOFAS SEES LOCAL SALES AT 130,000-140,000 UNITS IN 2024
(PREVIOUS EXPECTATION: 120,000- 140,000 UNITS)
    * TOFAS SEES PRODUCTION AT 135,000-145,000 IN 2024 UNITS
(PREVIOUS
EXPECTATION: 140,000-160,000 UNITS)
    * TOFAS REITERATES 2024 INVESTMENT FORECAST OF 150 MLN EUROS
(PREVIOUS EXPECTATION: 150 MLN EUROS

        
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