November 4, 2013 / 4:11 PM / 4 years ago

Turkey's Arcelik Q3 profit, sales just under forecast

1 Min Read

ISTANBUL, Nov 4 (Reuters) - Turkish white-goods maker Arcelik posted a 17 percent rise in its third quarter net profit to 161 million lira ($80 million) on Monday on the back of a weaker lira, which helped bolster its exports.

Sales rose to 2.9 billion lira from 2.73 billion a year ago. A Reuters poll of ten analysts had expected the company to post 170 million lira net profit on sales of 3.1 billion lira.

$1 = 2.0170 Turkish liras Writing by Ece Toksabay; Editing by Nick Tattersall

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