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EconomyJuly 30, 2026 at 12:44 AM

TOFAŞ's H1 Net Profit Surges 197% to 6.3 Billion Lira: Turning Point for Turkey's Automotive Sector?

724FinanceRüzgar Ersoy

TOFAŞ's H1 Net Profit Surges 197% to 6.3 Billion Lira: Turning Point for Turkey's Automotive Sector?

TOFAŞ's net profit for the first half of the year increased by 197% to 6.3 billion lira. The company reported 6.291 billion lira in net profit for the January-June period, significantly higher than the 2.117 billion lira recorded in the same period last year. The second quarter results showed a 3.92 billion lira net profit, up by 33.7%. TOFAŞ's performance is being seen as a success for the company's strategy focused on digitalization and domestic production.

TOFAŞ's results highlight Turkey's competitive strength in the automotive sector. The company's future plans include digitalizing automobile production and expanding into new markets.