TOFAS REACHES TRY 1.8BN IN NET PROFITS

Turkish automaker Tofas’s announced revenues of TRY 23.5bn and net profits of TRY 1.7bn. Last year, the company produced 250,630 units and exported 118,000 units, according to Cengiz Eroldu, CEO of Tofas. Tofas preserved its domestic production share of 93% in domestic sales. “We continued our business by ensuring the health of our employees, shareholders and customers. We did not pause investments in new products,” said Eroldu.