Turkey's Ford Otosan Q1 net profit up 16.5 pct

Newswire

ISTANBUL, April 27 (Reuters) - Turkish automaker Ford Otosan said on Friday its first-quarter net profit rose 16.5 percent to 166.3 million lira ($94.27 million) from 142.8 million lira in the same period of last year. The company, a partnership between Ford Motor Co and Turkey's Koc Holding, said sales rose 7.6 percent to 2.4 billion lira last year. ($1 = 1.7640 Turkish liras) (Reporting by Seda Sezer; Editing by Alison Birrane)

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