OTOKARS` NET PROFIT UP BUY 600 PERCENT YOY

23.10.2012 09:47
OTOKARS` NET PROFIT UP BUY 600 PERCENT YOY


OTOKAR RECORDED A NET PROFIT OF TRY 16MN, UP BY 600% YOY, BUT DOWN BY 46% QOQ,
BELOW THE MARKET ESTIMATE OF TRY 21MN. FOLLOWING THE 3Q12 FIGURE, TOTAL PROFIT
ROSE TO TRY 53 MILLION IN 9M12, UP BY 68.1% YOY. REVENUE ROSE BY 24.5% BUT IN
QUARTERLY TERMS, DECREASED BY 10.6% TO TRY 235MN IN 3Q12. OTOKAR’S GROSS MARGIN
IMPROVED TO 21.4% FROM 15.6% DUE TO RISING NET SALES REVENUE AND DECREASING COGS.
ON THE OTHER HAND, EBITDA ROSE BY 124.5% YOY TO TRY 26MN IN Q3 OF 2012 FROM TRY
12MN IN Q3 OF 2011, WHILE EBITDA MARGIN ROSE TO 11.2% COMPARED TO THE SAME PERIOD
OF LAST YEAR (6.2%).



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