EARNINGS POLL-Tofas Q1 net profit seen up 118 percent

Newswire

* Tofas Q1 earnings * May be announced this week * Q1 profit seen up 118 pct at 72 mln lira ISTANBUL, April 27 (Reuters) - Turkish automaker Tofas is expected to post a first-quarter net profit up 118 percent as its markets recover from last year's sharp contraction, a Reuters poll showed. Turkey's automotive sector, at the heart of its export industry, was hit by the sharp slowdown in its key export markets in Europe and also weak domestic demand last year. According to the ...

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