Turkish car maker Tofas' net profit soared 115% to 175.8m lira (US$139 m) last year, it was reported on Friday.

Reuters, citing Istanbul Stock Exchange data, said the maker of Fiat vehicles' net sales rose 17% to 5.571bn lira over the same period.

EMERGING MARKETS ANALYSIS: Tofas provides the key for new Fiat-PSA van project