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5 months ago
Turkey's BIM 2016 net profit rises 15 percent
March 7, 2017 / 4:59 AM / 5 months ago

Turkey's BIM 2016 net profit rises 15 percent

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ISTANBUL, March 7 (Reuters) - Turkish retailer BIM posted a net profit of 670.9 million lira ($181 million) in 2016, up 15 percent from a earlier, it said in a statement to the Istanbul stock exchange late on Monday.

It said sales rose 15 percent to 20.1 billion lira.

The company said it targets a 15-18 percent rise in sales this year and aimed to open 635 new shops. ($1 = 3.7098 liras) (Reporting by Ceyda Caglayan; Editing by Daren Butler)

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