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MILITARY TRUCKMAKER * Turkey: KATMR's
* Turkey - Riot-Response Truckmaker jumps on policing abroad
Çiğli,İzmir,Türkey -Bloomberg, by Constantine Courcoulas and Taylan Bilgic -Aug 15, 2014: -- A Turkish maker of anti-riot vehicles and water-cannon armed trucks jumped the most in three years as the company swung to a profit after boosting its focus on export markets from Sudan to Kurdistan... Katmerciler Arac Ustu Ekipman Sanayi and Ticaret AS (KATMR), Chief Executive Officer Mehmet Katmerci, predicted last year that images broadcast worldwide of Turkish protesters fleeing the vehicles his company produces could help generate business for the Izmir-based company in nations from Brazil to Libya. The company raised its target for export sales to 70 percent of revenue this year from about 60 percent in 2013.. The company reported profit revenue in the second quarter was 54.5 million liras, compared with 25 million liras in the same period a year earlier... The number of vehicles sold jumped 78 percent to 453 in the first half. The number of riot trucks sold in the period rose seven-fold to 56. The company declined to provide details of what kind of vehicles were sold to specific countries...
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