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)

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