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Thursday, March 12, 2009

Turkey's Koc 2008 profit down 12 pct after Q4 loss | Industries | Financial Services & Real Estate | Reuters

"Turkey's Koc 2008 profit down 12 pct after Q4 loss

* Net profit down to 2.024 billion lira

* Revenues up 19 pct to 55.631 billion lira

ISTANBUL, March 12 (Reuters) - Koc Holding (KCHOL.IS), Turkey's biggest company by sales, on Thursday posted a 12 percent fall in 2008 net profit to 2.024 billion lira, dragged lower by a fourth-quarter loss of 502 million. Koc, which has interests in energy, automotive, retail and banking, said sales in 2008 rose 19 percent to 55.631 billion lira."

More:UPDATE 1-Turkey's Koc 2008 profit down 12 pct after Q4 loss | Industries | Financial Services & Real Estate | Reuters