Brief: Tofas Q3 Net Profit Rises To 5.09 Billion Lira YoY, Revises 2023 Outlook

Tofas Turk Otomobil Fabrikasi

25/10/2023 16:37

Oct 25 (Reuters) - TOFAS TURK OTOMOBIL FABRIKASI AS
 TOASO.IS :
    * TOFAS Q3 NET PROFIT OF 5.09 BILLION LIRA VERSUS PROFIT OF
2.06
BILLION LIRA YEAR AGO
    * TOFAS Q3 REVENUE OF 26.66 BILLION LIRA VERSUS 16.02
BILLION LIRA
YEAR AGO
    * TOFAS SEES 2023 EXPORTS AT 60,000-70,000 UNITS (PRV.
FORECAST:
70,000-80,000 UNITS)
    * TOFAS SEES 2023 LOCAL SALES AT 195,000-205,000 UNITS (PRV.
FORECAST: 190,000-200,000 UNITS)
    * TOFAS SEES 2023 PRODUCTION AT 240,000-250,000 UNITS (PRV.
FORECAST: 235,000-255,000 UNITS)
    * TOFAS SEES 2023 INVESTMENTS AT 100 MILLION EUROS (PRV.
FORECAST:
125 MILLION EUROS)

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