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July 01, 2015 5:52 PM ET

Machinery

Company Overview of Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi

Company Overview

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi manufactures and sells automotive vehicles in Turkey. It offers off road vehicles, armored vehicles, minibuses, midibuses and autobuses, semi-trailers, light trucks, and cross-country vehicles. The company also provides trailers comprising tanker semi trailers, refrigerated trailers, skeletals, and platforms; and light armored tactical vehicles, including wheeled armored, tracked armored, and tactical wheeled vehicles, as well as turret systems. Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi exports its products. The company was founded in 1963 and is headquartered in Istanbul, Turkey.

Aydinevler Mahallesi

Dumlupinar Cad

No. 24 A Blok

Küçükyali

Istanbul,  34854

Turkey

Founded in 1963

2,173 Employees

Phone:

90 216 489 29 50

Fax:

90 216 489 29 67

Key Executives for Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi does not have any Key Executives recorded.

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi Key Developments

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi reported earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company reported net sales of TRY 641,430,304 compared to net sales of TRY 709,054,889 for the same period a year ago. Operating profit was TRY 76,291,908 compared to TRY 78,423,460 last year. Net income before taxes from continuing operations was TRY 55,039,916 compared to TRY 61,023,867 last year. Net income was TRY 46,448,482 or 0.194 kurus per share compared to TRY 54,882,674 or 0.229 kurus per share last year. Net cash provided by operating activities was TRY 92,152,326 compared to TRY 83,397,225 last year. Purchase of property, plant and equipment was TRY 3,589,917 compared to TRY 4,848,026 last year. For the quarter, the company reported net sales of TRY 358,183,998 compared to net sales of TRY 374,677,057 for the same period a year ago. Operating profit was TRY 54,515,315 compared to TRY 40,368,847 last year. Net income before taxes from continuing operations was TRY 44,415,883 compared to TRY 30,535,773 last year. Net income was TRY 37,302,793 or 0.155 kurus per share compared to TRY 28,760,569 or 0.120 kurus per share last year.

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi Announces Earnings Results for the First Quarter Ended March 2014

Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi announced earnings results for the first quarter ended March 2014. For the period, the company’s net profit decreased 65% year-on-year to TRY 9.1 million ($4.3 million/€3.1 million) in the first quarter of 2014. Operating profit was fell 42% to TRY 21.8 million. Revenue was declined 15% year-on-year to TRY 283.2 million.

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