Turkey's Ford Otosan Q1 net profit up 16.5 pct

ISTANBUL, April 27 Fri Apr 27, 2012 6:52am EDT

ISTANBUL, April 27 (Reuters) - Turkish automaker Ford Otosan said on Friday its first-quarter net profit rose 16.5 percent to 166.3 million lira ($94.27 million) from 142.8 million lira in the same period of last year.

The company, a partnership between Ford Motor Co and Turkey's Koc Holding, said sales rose 7.6 percent to 2.4 billion lira last year.