Tofas Q1 net profit rises 8 percent, matches forecasts

Newswire

ISTANBUL, May 10 (Reuters) - Turkish carmaker Tofas posted a net profit of 104.8 million lira ($58 million) in the first quarter, up 8 percent from a year earlier and exceeding a Reuters poll forecast of 102.9 million lira. Its sales rose 12 percent in the first quarter to 1.7 billion lira, above a poll forecast of 1.643 billion lira, its results filing to the Istanbul stock exchange showed. ($1 = 1.7968 Turkish liras) (Writing by Daren Butler)

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×