UPDATE 1-Tofas 2009 net profit beats forecasts

Newswire

* 2009 profit 360 mln lira, vs forecast 293 million lira * Sales rise 6 percent to 5.1 billion lira (Adds details, background) ISTANBUL, Feb 22 (Reuters) - Turkish automaker Tofas beat forecasts with a 105 percent rise in 2009 net profit to 360 million lira ($239 million) on sales up 6 percent to 5.10 billion. Tofas had been forecast to make a 293 million lira profit. Italian automaker Fiat and Koc Holding , Turkey's biggest company, each own 38 percent of Tofas whose manufacturing ...

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