Tofas Türk Otomobil Fabrikasi AS said its normalized net income for the first quarter amounted to 22 kurus per share, compared with the S&P Capital IQ consensus estimate of 32 kurus per share.
EPS rose 36.5% year over year from 16 kurus.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 111.7 million lira, a gain of 36.5% from 81.8 million lira in the prior-year period.
The normalized profit margin climbed to 5.1% from 4.8% in the year-earlier period.
Total revenue rose 27.1% year over year to 2.19 billion lira from 1.72 billion lira, and total operating expenses climbed 28.6% year over year to 2.02 billion lira from 1.57 billion lira.
Reported net income increased 53.3% year over year to 205.5 million lira, or 41 kurus per share, from 134.0 million lira, or 27 kurus per share.
As of May 8, US$1 was equivalent to 2.69 Turkish lira.
