Turkey's Koc posts big rise in 03 pre-tax profit

Newswire

ISTANBUL, Feb 27 (Reuters) - Leading Turkish conglomerate Koc Group said its combined pre-tax profits for 2003 rose by 320 percent from the previous year to $1.1 billion. Chief executive officer Bulend Ozaydinli told reporters late on Thursday the group's combined turnover in 2003 rose by 82 percent to $17.86 billion, with a 2004 target of $19.45 billion. Combined exports rose by 60 percent to $3.7 billion in 2003 and the group targets exports of $4.69 billion in 2004, he said. Koc ...

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