Releasing a written statement on Tuesday, Koç Holding, the owner of Otokar, said the auto company’s turnover had reached TL 506.24 million. The holding’s statement said Otokar would distribute TL 20.4 million in dividends to its shareholders for its operations in 2009.
Otokar General Manager Serdar Görgüç said in the statement that the company is committed to maintaining sustainable growth in the market and contributing to the Turkish economy. The manager recalled that Otokar, along with most companies, had had to fight against the fallout from last year’s global financial crisis.
As regards company targets for 2010, Görgüç said they expected to increase their market share in Turkey, emphasizing that the aftereffects of 2009’s credit crunch were expected to last longer than forecast.
Otokar has been a manufacturer of vehicles in both the commercial and military sectors since 1963. The company produces buses, trailers and armored military vehicles.
