Profit at Sabanci of Turkey flat, sales up 9 percent

ISTANBUL, March 7 Thu Mar 7, 2013 7:27am EST

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ISTANBUL, March 7 (Reuters) - Turkey's Sabanci Holding posted a net profit of 1.86 billion lira ($1.03 billion) last year, down slightly from 2011's 1.88 billion lira, according to an income statement released on Thursday.

Sales rose 9 percent to 11.6 billion lira from 10.6 billion lira a year ago, it said.

Sabanci's fourth-quarter net profit was 657.3 million lira and sales were 3.03 billion lira, according to calculations by Reuters. ($1 = 1.798 liras) (Writing by Ece Toksabay)