Tofas shares climb after beating Q2 estimates

Tofas Turk Otomobil Fabrikasi

29/07/2025 08:27

** Shares in Tofas TOASO.IS rise around 3% after the Turkish automaker reported a better-than-expected Q2 net profit

** Tofas posted net profit of 1.75 billion lira, above market expectations of 1.02 billion lira

** Brokerage Halk Yatirim says net monetary position gains helped to boost net profit

** Brokerage Deniz Yatirim says Stellantis Turkey merger contributed to increased sales revenues, showing signs of recovery

** The stock is at the top of Istanbul's .XU030 index

(Reporting by Miraç Eren Dereli)

((miraceren.dereli@thomsonreuters.com))