Tofas shares climb after beating Q2 estimates

About this update from Tofas Turk Otomobil Fabrikasi A.s.

** Shares in Tofas BIST:TOASO rise around 3% after the Turkish automaker reported a better-than-expected Q2 net profit** Tofas posted net profit of 1.75 billion lira, above market expectations of 1.02 billion lira** Brokerage Halk Yatirim says net monetary position gains helped to boost net profit** Brokerage Deniz Yatirim says Stellantis Turkey merger contributed to increased sales revenues, showing signs of recovery** The stock is at the top of Istanbul's (.XU030) index

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