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Turkey's Koc Holding Q1 net profit more than doubles to 1.1 bln lira
May 10, 2017 / 4:49 AM / 4 months ago

Turkey's Koc Holding Q1 net profit more than doubles to 1.1 bln lira

ISTANBUL, May 10 (Reuters) - Turkish conglomerate Koc Holding said on Wednesday its net profit in the first quarter more than doubled to 1.1 billion lira ($304 million) from 515.2 million in the same period a year earlier.

In a statement to the Istanbul stock exchange, Koc Holding said its first-quarter total revenues surged 59 percent to 22.274 billion lira. ($1 = 3.6241 liras) (Reporting by Can Sezer; Editing by Daren Butler)

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