Turkey's Petrol Ofısı 2009 Consolıdated Net Profıt +185%

Turkish fueloil products retailer Petrol Ofisi AS (PTOFS

Turkish fueloil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, posted a consolidated net profit of 287.4 million Turkish lira ($185.5 million) in 2009, up 185% from a year earlier, the Istanbul Stock Exchange's Web site showed late Wednesday.

POAS posted net profit of TRY100.9 million a year earlier, according to the Web site.

The company's financial revenue rose to TRY930.3 million in 2009 from TRY793.6 million a year earlier.

Income from sales fell to TRY14.095 billion in 2009 from TRY17.194 billion a year earlier, while cost of sales decreased to TRY13.079 billion from TRY15.990 billion.

Petrol Ofisi is controlled by Turkish conglomerate Dogan Holding (DOHOL2.IS)Austrian energy firm OMV AG (OMV.VI).
(SB-SB-E)