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Turkey's Koc Holding Q1 net profit up 24 pct to $270 mln
May 13, 2014 / 5:21 AM / 3 years ago

Turkey's Koc Holding Q1 net profit up 24 pct to $270 mln

ISTANBUL, May 13 (Reuters) - Koc Holding, Turkey’s largest company, posted a 24 percent rise in its first-quarter net profit to 562.1 million lira ($270.12 million).

Sales climbed to 15.7 billion lira from 13.6 billion lira a year ago, the Istanbul-based company said in a filing late on Monday. Revenue from financial businesses was 61.2 million lira.

Koc owns Tupras, Turkey’s sole refiner, lender Yapi Kredi and carmaking ventures with Ford and Fiat.

$1 = 2.08 lira Reporting by Ayla Jean Yackley; Editing by Miral Fahmy

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