Interim Activity Report of Tofaş Türk Automobile Factory Inc. Announced

Tofas Turk automobile factory, a mid-term annual report is announced
Photo: Tofaş

In the statement made to the Public Disclosure Platform (PDP), the following was recorded: “Tofaş total retail sales increased by 2020 percent in the first six months of 30,2 and reached 254.068. Tofaş's share in the light vehicle market increased by 2020 points in the first six months of 0,2 to 16,2 percent, while the Fiat brand maintained its market leadership. The domestic automobile market share of Tofaş reached 2020 percent in the first six months of 12,4 and decreased by 3 points compared to the same period of the previous year. In this period, Fiat Egea protected the market leadership.

The Scrap Incentive Law, which ended at the end of 2019, was one of the most important factors in the pullback in the passenger car market share. Fiat light commercial vehicle market in Turkey is increasing our market share in the first quarter score of 2020 in 10.4, it has maintained its position in second place in the market with 28.4 percent. Our production volume was 2020 units in the first six months of 35,9, shrinking by 84.505 percent compared to the same period of the previous year. From the beginning of 2020 until the date this report was published, the total of interrupted downtimes in some of our production facilities has reached 56 business days (34 full days full stops) due to reasons such as planned maintenance / repair work, annual leave, and stock planning. work allowance has been used. Our domestic market sales increased by 1 percent between January 30 and June 2020, 26, reaching 40.088 units. Our foreign market sales decreased by 54 percent and reached 47.239. According to these results, our total sales decreased by 35 percent to 87.327.

As of 30.06.2020, our total sales revenues decreased by 19,1 percent compared to the same period of the previous year and reached 7.498.824 thousand TL. As of 30.06.2020, our net profit has decreased by 13,4 percent compared to the same period last year and has been realized as 634,642 thousand TL. In the same period, our profit before tax decreased by 13,8 percent and reached 636,703 thousand TL. Due to the impact of the Covid 19 outbreak period on production / sales, there were temporary fluctuations in trade receivables and debts. This effect is expected to return to normal in the second half of the year. The investments made by Tofaş in the first six months of the year amounted to a total of 363 million TL. ”

Hibya News Agency

Günceleme: 29/07/2020 10:23

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