February 14 (SeeNews) - Turkey's industrial conglomerate Koc Holding [IST:KCHOL] said its net profit fell to 4.39 billion Turkish lira ($724 million/668 million euro) in 2019 from 5.54 billion lira in the previous year.
Operating profit contracted to 10.37 billion lira last year from 12.96 billion lira in 2018, the company said in an annual financial statement on Thursday.
Revenues, however, rose to 153.51 billion lira, compared to 143.24 billion lira booked in 2018.
Founded in 1926, Koc Holding includes companies from various sectors such as energy, automotive, consumer durables and finance.
(1 euro = 6.56554 Turkish lira)