Turkey's Tofas H1 net profit up 19.3 pct

Newswire

ISTANBUL, Aug 26 (Reuters) - Turkish vehicle maker Tofas said on Friday its net profit in the first six months of 2005 jumped 19.3 percent from the same period last year to 80.42 million lira ($59.63 million). Tofas is a joint venture between Italy's Fiat and Turkish conglomerate Koc Holding . In a statement to the Istanbul stock exchange, Tofas also said its net sales fell 11.3 percent in the first six months to 1.264 billion lira. Operating profit rose 33.4 percent to 97.75 million ...

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