Otokar Otobus Karoseri Sanayi AS announced unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of TRY 235,483,095 against TRY 189,177,808 a year ago. Operating profit was TRY 21,942,854 against TRY 7,363,484 a year ago. Income before taxes from continuing operations was TRY 17,841,516 against TRY 3,164,664 a year ago. Net income was TRY 16,467,944 or TRY 0.00069 per share against TRY 2,349,791 or TRY 0.00010 per share a year ago. For the nine months, the company reported net sales of TRY 670,684,179 against TRY 578,901,181 a year ago. Operating profit was TRY 66,087,421 against TRY 42,262,212 a year ago. Income before taxes from continuing operations was TRY 56,247,166 against TRY 35,416,398 a year ago. Net income was TRY 53,401,249 or TRY 0.00223 per share against TRY 31,761,082 or TRY 0.00132 per share a year ago. Net cash provided from operating activities was TRY 10,180,597 against net cash used in operating activities of TRY 116,340,067 a year ago. Purchase of property, plant and equipment was TRY 18,406,000 against TRY 15,003,199 a year ago. Purchase of intangible assets was TRY 29,857,819 against TRY 18,905,174 a year ago.

Otokar Otobus Karoseri Sanayi AS reported audited earnings results for the full year ended December 31, 2011. For the year, the company reported net sales of TRY 890,525,189 compared to TRY 517,396,494 for the same period a year ago. Operating profit was TRY 70,841,850 compared to TRY 25,641,262 last year. Income before taxes was TRY 61,776,341 compared to TRY 20,076,855 last year. Net income of TRY 54,846,604 or TRY 0.229 per share compared to TRY 20,778,314 or TRY 0.087 per share last year. Net cash used in operating activities was TRY 80,028,286 compared to net cash provided by operating activities of TRY 149,776,009 last year. Cash paid for acquisition of property, plant and equipment was TRY 24,462,080 compared to TRY 6,186,083 last year.

Otokar Otobus Karoseri Sanayi AS announced earnings results for the third quarter and nine months ended June 30, 2011. For the quarter, the company reported net sales of TRY 189.17 million compared with TRY 121.48 million for the same period a year ago. Operating profit of TRY 7.36 million compared with TRY 10.96 million for the same period a year ago. Net income before taxes from continuing operations of TRY 3.16 million compared with net loss before taxes from continuing operations of TRY 9.64 million for the same period a year ago. Net income of TRY 2.34 million or TRY 0.00010 per share compared with TRY 10.09 million or TRY 0.00042 per share for the same period a year ago. For the nine months, the company reported net sales of TRY 578.90 million compared with TRY 314.14 million for the same period a year ago. Operating profit of TRY 42.26 million compared with TRY 9.24 million for the same period a year ago. Net income before taxes from continuing operations of TRY 35.41 million compared with TRY 0.56 million for the same period a year ago. Net income of TRY 31.76 million or TRY 0.00132 per share compared with TRY 7.29 million or TRY 0.00030 per share for the same period a year ago. Net cash used in operating activities of TRY 116.34 million compared with TRY 14.06 million for the same period a year ago. Purchase of property, plant and equipment of TRY 15.00 million compared with TRY 4.03 million for the same period a year ago. Purchase of intangible assets of TRY 18.90 million compared with TRY 17.69 million for the same period a year ago.