November 11 (SeeNews) - Turkish motor vehicles producer Tofas Turk Otomobil Fabrikasi [BIST:TOASO] said on Monday consolidated net profit rose 0.8% to 320.5 million Turkish lira ($156.6 million/116.8 million euro) through September.
Operating profit dropped 29% to 287.9 million lira through September while revenue rose 4.3% to 5.1 billion lira, the consolidated income statement of Tofas showed.
Domestic sales inched down by 0.1% to 2.082 billion lira through September, while sales abroad increased 7.8% to 2.99 billion lira.
Total sales volume increased to 201,903 vehicles in the nine months through September - including 74,127 passenger cars and 127,776 light commercial vehicles, up from 201,683 units a year ago. Sales volume on the domestic market fell by 4.5% to 80,513 units through September, while export volume rose 3.4% to 121,390 units.
Production volume declined by 2.4% to 185,237 vehicles through September.
(1 euro = 2.7429 Turkish lira)