Otokar Otomotiv ve Savunma Sanayi A.S. manufactures and sells automotive vehicles in Turkey. The company offers off road vehicles, armored vehicles, minibuses, midibuses and buses, light trucks, and cross-country vehicles. It also provides trailers and semi-trailers comprising curtainsider semi-trailers, tanker semi-trailers, refrigerated trailers, skeletals, and platforms; and tactical armored vehicles, including wheeled armored, tracked armored, and tactical wheeled vehicles, as well as turret systems. In addition, the company exports its products. It offers its products for passenger transportation, cargo transportation, and land defense systems. Otokar Otomotiv ve Savunma Sanayi A.S. was...
No: 58 A Blok
Founded in 1963
Turkey Contracts Otokar for Cobra II Armored Vehicles
Dec 24 15
The government of Turkey has awarded Otokar a $52 million contract to support the production and delivery of the Cobra II Tactical Wheeled Armored Vehicle. Under the contract, Otokar will manufacture the vehicles for the Turkish security forces, with delivery expected to be completed in the first half of 2017. The contract also includes maintenance and support services. The Cobra II is a follow-up to Otokar's legacy Cobra Vehicle. According to the company, the updated platform provides upgraded technical and tactical capabilities, including improved mobility, higher ballistic and mine protection, and increased payload capacity. The 4x4 vehicle is designed for both urban and peacekeeping missions with an optional amphibious feature.
Otokar Otomotiv ve Savunma Sanayi Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 8 14
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.