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(ECO) TURK TRAKTOR RISES SALES IN FIRST QUARTER.

ISTANBUL, Apr 29, 2010 (TUR) -- Turk Traktor company increased its total sales 46 percent in the first quarter of 2010 when compared to the same period of 2009.

The company stated on Thursday that the company's first quarter profit was nearly equal with the 80 percent of its 2009 total profit.

The value of company's shares also increased three times in 2010 when compared to 2009.

Turk Traktor's sale income in the first quarter was 239 million TL, EBIDTA (Earnings before Interest, Taxes, Depreciation, and Amortization) was 32 million TL, and net profit was 24 million TL. (1 USD = 1.4890 TL)

Founded in 1954, Turk Traktor is the first producer institution of Turkey in the field of automotive industry. It has an annual capacity of 35,000 tractors and 20,000 motors. Koc Holding and world's one the largest agricultural equipment producers CNH Global NV are the partners of Turk Traktor.

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Publication:Anadolu (Eskisehir, Turkey)
Article Type:Financial report
Date:Apr 29, 2010
Words:155
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