Tofas Q1 net profit 118.3 mln lira, exceeds f'cast

Newswire

ISTANBUL, April 30 (Reuters) - Turkish automaker Tofas posted first-quarter net profit of 118.3 million lira ($79.66 million), more than three times higher than the previous year, as its markets recovered from last year's sharp decline. Revenues for the period were 78 percent higher on the year at 1.55 billion lira, according to figures published late on Thursday. According to the average forecast in the survey of eight analysts, net profit was seen at 72 million lira and sales were ...

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