02 June 2006 -

Report Summary


In 1Q06, Dogus Otomotiv posted US$ 14.1 mn net income, which is US$ 9 mn lower than our estimate of US$ 23 mn and US$ 3.4 mn lower than consensus estimate of US$ 17.5 mn. However, it is 28% higher than the net earning of US$ 11 mn in 1Q05.

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