(Bloomberg) -- Koc Holding AS, Turkey's biggest
company by sales, said first-quarter profit jumped 14-fold driven
by earnings from refining and consumer durables.
Net income climbed to 259.5 million liras ($197.9 million)
from 18.5 million liras a year earlier, Istanbul-based Koc said
today in an e-mailed statement. Sales advanced 23 percent to 11.1
billion liras. Koc had been expected to earn 134 million liras,
according to the median estimate of six analysts surveyed by
Bloomberg News.
Read more at Bloomberg Emerging Markets News
company by sales, said first-quarter profit jumped 14-fold driven
by earnings from refining and consumer durables.
Net income climbed to 259.5 million liras ($197.9 million)
from 18.5 million liras a year earlier, Istanbul-based Koc said
today in an e-mailed statement. Sales advanced 23 percent to 11.1
billion liras. Koc had been expected to earn 134 million liras,
according to the median estimate of six analysts surveyed by
Bloomberg News.
Read more at Bloomberg Emerging Markets News
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